Iran's Revolutionary Guards vow response to US attack on Larak island - Reuters

Iran's Revolutionary Guards have vowed to respond following a US attack on Larak island. Additionally, the Revolutionary Guards announced missile launches targeting vessels within the Strait of Hormuz. These military actions have increased global economic risks, specifically impacting maritime insurance and oil prices. There is a significant potential for further escalation as tensions rise in the region, threatening the stability of critical shipping lanes and international trade routes through the strategic waterway.