US Strikes Iranian Targets as Oil Markets React to Revoked Licenses

The military operation targeted strategic infrastructure across southern Iran, including Kharg Island, where explosions were reported throughout the day. While local media confirmed that no civilians were killed, projectile shrapnel caused multiple injuries during the bombardment. These strikes come at a delicate moment for the Iranian state, as the nation remains in a period of mourning following the death of Supreme Leader Ayatollah Ali Khamenei.

Washington’s decision to strip Iran of its oil-exporting privileges has stalled ongoing peace negotiations, leaving diplomatic channels effectively frozen. Iranian officials have condemned the move as an act of economic warfare, while U.S. military commanders maintain that the strikes are a necessary response to recent attacks on commercial tankers. With major transit routes through the Strait of Hormuz under pressure, the region faces an uncertain path between further military escalation and the total breakdown of international trade agreements.