US Strikes Iran and Blocks Oil Sales

• The US launched airstrikes in Iran, targeting over 80 sites, and blocked new sales of Iranian oil globally.
• US Central Command stated the strikes were in response to Iranian attacks on commercial vessels in the Strait of Hormuz, violating a ceasefire.
• Both sides accused the other of violating the ceasefire, with Tehran calling the US actions violations of their agreement.
• Brent oil prices rose early Wednesday, returning toward pre-conflict levels, reflecting market reaction to the geopolitical tensions and potential supply impacts.

The US launched airstrikes in Iran and blocked new sales of Iranian oil globally, citing attacks on commercial shipping in the Strait of Hormuz. These actions are seen as a serious threat to a recent interim peace agreement. Following these events, Brent oil prices rose, returning toward pre-conflict levels, indicating market concern over supply disruptions.