U.S. strikes Iran after attacks on commercial vessels in Hormuz

The U.S. began a series of strikes against Iran in response to attacks on three commercial vessels in the Strait of Hormuz, according to U.S. Central Command. This escalation comes after Iran's actions were deemed a violation of ceasefire agreements previously established. The renewed military conflict could impact oil prices, which traditionally rise during tensions in the Strait of Hormuz, a vital shipping route. For investors, this situation may signal increased volatility in oil markets and potential inflationary pressures.