US strikes Iranian targets, threatens naval blockade amid 2026 tensions

President Trump threatened a major attack against Iran and warned that the US Navy might resume a naval blockade in the Strait of Hormuz. These threats follow US military shelling of Iran in retaliation for Tehran's attacks on commercial ships. These escalating US-Iran tensions, occurring amid 2026 tensions, could disrupt global oil markets and trade, significantly increasing geopolitical instability and economic uncertainty as the US continues to strike Iranian targets to address the ongoing conflict.