US and Iran trade retaliatory attacks on ships as conflict flares

The US military has struck three Iran-linked oil tankers in retaliation for Iran targeting two American warships. US Central Command (Centcom) reported that two tankers were “permanently disabled” and a third was “completely destroyed” in the Gulf of Oman. Iran confirmed the strikes and retaliated by attacking three US-affiliated vessels and three oil tankers in the Strait of Hormuz, which they claimed were using unauthorized routes. The Strait of Hormuz, a critical passage for global oil and gas, has been a point of contention since the war began in February. Despite the conflict, US President Donald Trump declared the strait “open,” with the US military assisting ships through a southern route. Centcom stated that the Iranian tankers were part of a network funding Iran’s Islamic Revolutionary Guard Corps (IRGC). The situation remains tense, with both sides exchanging threats and military actions. QUESTION: How might the ongoing conflict in the Strait of Hormuz impact global oil prices and international relations? 

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