Iran and US Trade Air Strikes Near Strait of Hormuz

Iran and US Escalate Tensions Near Strait of Hormuz

Iran's Revolutionary Guard targeted a U.S. airbase after the U.S. military struck an Iranian drone operation near the Strait of Hormuz, hours after President Trump dismissed reports of a compromise deal with Tehran. The escalation threatens the fragile ceasefire and has sent oil prices surging.

Strikes and Retaliation

A U.S. official confirmed that the military shot down four Iranian attack drones and struck a ground control station in Bandar Abbas. In response, Iran's Revolutionary Guard targeted a U.S. airbase, though the specific base was not identified. Kuwait also reported responding to missile and drone attacks.

Oil Prices and Global Impact

Oil prices rebounded sharply, with U.S. crude futures gaining over 3%, while stocks fell and the dollar rose. The conflict has killed thousands and driven global energy prices higher since it began in late February.

Trump's Stance and Negotiations

President Trump denied any deal with Iran, stating that no single country would control the strait and warning Oman. Iran insists on the release of its assets and the preservation of its nuclear program. Key sticking points in talks include sanctions, Iran's nuclear capacity, and control of the Strait of Hormuz, which handles a fifth of global oil and LNG traffic.