US CENTCOM launches 'self-defense strikes' against multiple targets in Iran

The United States Central Command (CENTCOM) has initiated a series of 'self-defense strikes' against multiple targets in Iran, as announced by a senior US defense official. The strikes are described as 'strong and clear' and may continue into subsequent nights if necessary. This action follows heightened tensions between the US and Iran, with the US citing the need to protect American forces and interests in the region. The official, identified as Hegseth, indicated that CENTCOM will remain actively engaged in operations. The strikes target Iranian military or proxy positions, though specific locations and assets hit have not been disclosed. This escalation marks a significant uptick in US military involvement in the Middle East, potentially drawing broader regional and international reactions.

Global Impact

Economically, the strikes risk disrupting global oil supply chains, particularly if Iran retaliates by threatening the Strait of Hormuz, through which about 20% of global oil passes. This could spike energy prices and stoke inflation, complicating central bank rate paths.