President Trump stated he is Iran's primary target amid escalating tensions. He declared the ceasefire with Tehran effectively over and signaled further strikes. The United States and Iran have been exchanging strikes, intensifying regional hostilities. Commercial shipping in the Strait of Hormuz faces disruptions and oil prices are climbing. This renewed conflict follows a short-lived diplomatic pause which has now collapsed.

The U.S. launched renewed strikes on Iran on Tuesday in response to Iranian attacks on ships in the Strait of Hormuz.

Renewed hostilities between the US and Iran have also heightened safety and security concerns around the Strait of Hormuz.

US President Trump declared the Iran truce effectively over after attacks on shipping. The United States launched retaliatory strikes on Iranian military targets. These actions…

Uncertainty over the ceasefire means uncertainty over prices.