US, Iran Trade Attacks for Second Day, Testing Fragile Ceasefire

The US military conducted strikes against Iran for a second day, prompting Tehran to retaliate against American allies in the Persian Gulf. These tit-for-tat attacks raise concerns about the stability of a permanent peace deal. Consequently, oil prices fluctuated as traders assessed Middle Eastern crude supplies. Vessel-tracking data revealed a decrease in transits through the Strait of Hormuz, reflecting the growing tension and potential disruption to global energy markets following the US operations.