Fresh military strikes and new shipping threats have raised fears over global oil supply and regional stability.
The United States and Iran have exchanged fresh threats after deadly attacks on tankers in the Strait of Hormuz, one of the world’s busiest oil shipping routes.
The United Arab Emirates accused Iran of targeting two of its tankers, killing one crew member and injuring eight others. Iran’s Revolutionary Guard confirmed striking the vessels, claiming they ignored security warnings and entered a restricted route.
US President Donald Trump announced plans to restore a naval blockade on Iranian ports and introduce a 20% charge on cargo moving through the Strait of Hormuz. He said the move is aimed at protecting commercial shipping and increasing pressure on Tehran. The US also carried out new strikes on military targets across Iran.
Iran rejected the US announcement and insisted it remains the rightful guardian of the Strait of Hormuz. Tehran warned that any foreign interference in the waterway threatens regional security and international trade.
The latest escalation comes despite ongoing diplomatic efforts. Officials from both countries are expected to continue negotiations in Oman as global markets closely monitor developments in the Gulf.
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