US targets Iranian naval assets amid Strait of Hormuz tensions

The US has targeted Iranian naval assets amid rising tensions in the Strait of Hormuz, which has faced closure. Consequently, oil prices jumped 13%. Market data shows an 11.5% probability that traffic will normalize by August 31. Additionally, there is an 11.5% chance that oil prices will reach a new all-time high by December 31. These events highlight the direct impact of US-Iran geopolitical conflicts on global energy costs and maritime shipping stability.