U.S. and Iran trade more attacks as feud over Strait of Hormuz escalates

The U.S. launched a series of night strikes targeting multiple locations around Iran's Qeshm Island. These military actions aim to degrade Iran's capacity to threaten commercial shipping within the Strait of Hormuz. As the feud between the U.S. and Iran escalates, these projectiles have struck areas near the strategic waterway. This escalation is currently being monitored for its potential impact on global oil prices and the volatility of various crypto markets.