New US strikes on Iran as Trump says ships will be charged to transit Hormuz

The US has launched military strikes against Iranian coastal defense and missile sites following President Trump's decision to reinstate a blockade in the Strait of Hormuz. Iran retaliated with attacks on tankers and regional targets, causing a significant spike in global oil prices.
Why it matters
The escalation in the Strait of Hormuz threatens global energy supplies and risks a broader military conflict in the Middle East.
<p>The US launched strikes on Iran, hours after US President Donald Trump said Washington is “reinstating” a blockade on Iran in the Strait of Hormuz. Trump separately suggested the United States will charge other ships for safe passage, upending hundreds of years of American policy supporting freedom of navigation across the globe.</p> <p>Iran responded with attacks targeting Bahrain and two tankers associated with the United Arab Emirates travelling through the strait, killing one mariner and wounding eight others. The Emirates threatened to retaliate against Iran, potentially drawing the nation home to Abu Dhabi and Dubai back into fighting with Tehran.</p> <p>The attacks come as Iran and the US both vie for control of the strait through which a fifth of all crude oil and natural gas once passed in peacetime.
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