
Tensions escalate in Strait of Hormuz as US and Iran trade strikes
Energy prices surge as military clashes escalate near the Strait of Hormuz, with US airstrikes hitting Iranian targets and Tehran demanding sanctions relief.
Global energy markets surged as military confrontations intensified around the Strait of Hormuz following an attack on a Saudi oil tanker. A fire aboard the vessel, which was reportedly struck by three projectiles, was successfully extinguished.
US forces launched retaliatory airstrikes on Iranian targets, including Larak, while Iranian forces struck American bases across the region. US President Donald Trump warned Washington would "hit them hard," while maintaining that the maritime passage remains open. Iranian military officials dismissed US claims of having neutralized mine-laying operations as "pure fantasy."
Meanwhile, hardliners in Tehran are leveraging control over the strategic waterway to demand concessions under a June 14-point memorandum, including the end of maritime blockades, the lifting of economic sanctions, and the release of frozen foreign assets.
Sources: ANSA, Corriere della Sera, Il Messaggero, La Repubblica



