Near Strait

• US military conducted attacks today on Iranian missile installations near the Strait of Hormuz to neutralize threats to transiting ships. • The strikes target sites from which Iran could launch attacks on commercial and military vessels in the critical waterway. • The operation escalates US involvement in the Iran conflict, aiming to secure global oil shipping routes amid heightened tensions.

• US Central Command announced military strikes on Iranian missile sites located near the Strait of Hormuz using bunker buster weapons. • The strikes target Iran's military infrastructure and represent an escalation in the three-week conflict between the US and Iran. • The Strait of Hormuz remains a critical global shipping route through which approximately 13 million barrels of oil pass daily.

Crude oil benchmarks hover near $100 per barrel, up 70% since early January, with forecasts of $150 highs if the Strait of Hormuz remains disrupted. U.S. fuel prices have risen nearly 35% from January lows, though domestic supplies prevent shortages. Energy producers like Exxon Mobil and Chevron hit record highs, while the Dow Jones fell 6% in a month amid stagflation concerns. Prolonged conflict could reverse Fed rate cuts and pressure consumer sectors further.