Global energy markets reacted sharply today as Brent crude oil prices surged past $90 a barrel following intense military escalations in the Strait of Hormuz. The United States and Iran traded sustained military strikes, with commercial vessels reportedly targeted in the vital maritime chokepoint.
The US military has confirmed launching consecutive nights of airstrikes aimed at degrading Iranian military infrastructure, while Iran retaliated with strikes toward facilities in neighboring Gulf nations. Regional defense systems remain highly active as international airlines continue to suspend regional flights.
