US and Iran exchange strikes across Middle East for second day in a row

The United States and Iran have exchanged military strikes for a second consecutive day, marking a significant escalation in their conflict. The US carried out strikes on military targets in southern Iran, while Tehran responded by targeting US military assets in Kuwait, Bahrain and Jordan. According to Al Jazeera, Iran claims to have hit 18 targets across US bases and has closed the Strait of Hormuz, a critical chokepoint for global oil shipments. The Guardian reports that a ceasefire appears close to collapse, raising fears of a broader regional war. The Hindu BusinessLine and The Blade confirm the second day of strikes, with Iran firing back at Gulf states and Jordan. The situation remains fluid, with no official statements from either government detailing the full scope of damage or casualties.

Global Impact

Economically, the potential closure of the Strait of Hormuz poses a severe threat to global energy security, with immediate effects on oil prices and inflation expectations. Politically, the strikes could further destabilize the Middle East, undermining any remaining ceasefire efforts and straining US relations with Gulf allies.