Iran launched attacks on U.S. military bases in several Gulf states in response to U.S. strikes over the weekend, escalating tensions in the Strait of Hormuz. The Iranian strikes targeted bases in Kuwait, Bahrain, Jordan, Oman, and Qatar, which Iranian state media described as retaliatory measures.
The U.S. Central Command reported that American forces had successfully targeted Iranian military capabilities, including air-defense systems and coastal radar sites. The U.S. and Iran provided conflicting statements regarding the status of shipping through the Strait of Hormuz, a critical energy route that handles approximately 20% of the world's oil traffic.
Following the exchange of strikes, oil prices increased, with Brent crude futures rising by 2.8% to $78.14 per barrel. Iran's parliament speaker, Mohammad Bagher Ghalibaf, stated that the era of one-sided deals is over, emphasizing the need for adherence to agreements. U.S. President Donald Trump indicated that peace talks would continue, but the ceasefire from last month's agreement had been abandoned.
Iran's Ministry of Foreign Affairs condemned the U.S. attacks, labeling them a serious threat to international peace and security. Oman, which has been involved in talks with Iran regarding maritime security, faces legal limitations in imposing service fees for transit through the Strait, although analysts suggest this could be a potential avenue for revenue.