Washington hits Larak and oil jumps
New
United States forces struck two Iranian rocket launchers on Larak Island in the Strait of Hormuz after American officials said Islamic Revolutionary Guard Corps units prepared rockets fitted with naval mines. Iranian agencies reported explosions on the island and Tasnim put the initial toll at two killed and two wounded, while Washington framed the operation as a move to protect shipping through the Gulf.
Iranian forces then fired ballistic missiles at installations in Jordan, including King Hussein base and al-Azraq, while drones flew toward Al Minhad air base in the United Arab Emirates. Jordan said its air defences intercepted eight ballistic missiles and reported no injuries or ground damage, while Iranian state media carried Revolutionary Guard threats to punish those behind the Larak strike.
- Brent crude90.32
- West Texas Intermediate85.41
The military exchange landed on top of an American sanctions campaign that Treasury Secretary Scott Bessent said would target foreign lenders doing business with Iran. Brent rose by $2.22 to $90.32 a barrel and West Texas Intermediate climbed by $2.01 to $85.41, a reminder that even limited strikes near Hormuz quickly acquire a global price tag.
“We're starting with the banks, and we're telling the banks it's not okay to have Iranian money and to aid the regime.”
The danger is not that either side lacks channels to signal restraint, but that each fresh exchange makes the strait look less like a trade route and more like a fuse.
Reporting from: AP NEWS, Reuters, BFMTV, The New York Times, Al Jazeera Online, Rai news