US-Iran Conflict
US Launches Strikes on Iran After American Helicopter Shot Down Over Strait of Hormuz
US President Donald Trump announced retaliatory strikes on Iran after an American helicopter was shot down over the Strait of Hormuz. CENTCOM described the action as a proportionate response, while both sides signalled a desire to avoid full-scale war.
Crude Oil Prices Jump as US-Iran Conflict Cost Hits $29 Billion Mark
Global oil markets remain volatile as the Pentagon reveals surging military expenditures and Iran’s oil exports face a 28-day standstill amid an ongoing naval blockade in the strategic Strait of Hormuz.
