Iran Strikes Vessels in Strait of Hormuz; Oil Surpasses $100

Iran's Revolutionary Guards attacked vessels in the Strait of Hormuz after losing five tankers in U.S. bombings, establishing a new 'exclusion zone' in the Gulf. This marks a significant escalation in the ongoing conflict, directly threatening a key chokepoint for global oil transit. The attack has driven oil prices above $100 per barrel, with further volatility likely as nuclear tensions persist.