US Hits Iran with Additional Airstrikes Amid Tensions Over Strait of Hormuz

The US military has launched additional airstrikes on Iran to weaken its ability to attack civilian and commercial vessels passing through the Strait of Hormuz. The operation is intended to further degrade Iran's capability to attack civilian mariners and commercial vessels moving freely through the strait.

According to a post on X by US Central Command, the forces began the additional strikes at 5 p.m. Eastern time on July 12. The commander in chief had ordered the strikes to hold Iranian forces accountable.

The airstrikes are expected to have a significant impact on global markets. A forecast trend report predicts that the US's actions will stoke demand for crude oil and safe-haven assets, while putting pressure on crypto investors seeking to avoid risk.