US-Iran exchange fresh strikes near Strait of Hormuz; energy supply fears mount

The US and Iran have resumed direct military exchanges near the Strait of Hormuz, with Washington conducting new strikes and Tehran responding with missiles and drones. This marks an escalation in an ongoing confrontation, raising immediate risks to maritime energy chokepoint security. The extent of damage and any disruption to tanker traffic remains unconfirmed, but the proximity to Hormuz amplifies supply-side risk for global oil markets.