U.S. Airstrikes on Iran Follow Attack on M/V GFS Galaxy Ship

The U.S. launched airstrikes against Iran on Saturday after the Islamic Revolutionary Guard Corps attacked the M/V GFS Galaxy, damaging its engine room and leaving a civilian crew member missing. This action marks the third U.S. airstrike against Iran this week in response to ongoing threats to commercial vessels in the Strait of Hormuz. Iran has closed the Strait to all shipping traffic as it disputes the terms of a prior memorandum of understanding with the U.S. for safe passage. This situation is significant as it affects global shipping routes and energy supply chains, which may impact ordinary investors concerned about oil prices.