In a rapid and dramatic escalation of geopolitical tensions, the United States launched targeted military strikes against Iran early Tuesday morning.
The kinetic action came just hours after President Donald Trump announced that Washington is officially “reinstating” a maritime blockade on Iran in the strategically vital Strait of Hormuz—a crucial chokepoint for global oil transit.
Watch this video by Associated Press
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Trump’s Iran Blockade Plan Sends Global Oil Prices Higher
U.S. West Texas Intermediate crude rose above $80 per barrel, while Brent crude climbed past $87 after extending gains from the previous session.
TIPP Staff
