US Military Strikes 90 Targets in Iran; Tehran Attacks Bases in Kuwait and Bahrain; Strait of Hormuz Traffic Halted

The US military has struck 90 military targets in Iran following President Donald Trump's declaration that the ceasefire is over. In retaliation, Iranian forces have attacked two US bases in Kuwait and two in Bahrain. Maritime traffic through the Strait of Hormuz has been nearly completely halted, according to US media reports. Meanwhile, hundreds of thousands of people have gathered in the Iraqi city of Najaf for the funeral of Iran's Supreme Leader Ayatollah Ali Khamenei. The escalation marks a significant expansion of the conflict, directly involving US and Iranian forces and threatening global oil supply routes. The situation remains highly volatile with no immediate signs of de-escalation.

Global Impact

This event has immediate and severe geopolitical and economic consequences. The closure of the Strait of Hormuz, through which about 20% of global oil passes, will cause a major supply shock, likely pushing oil prices above $100 per barrel and triggering a global recession risk.