US Escalates Actions Against Iran; Iran Threatens Key Oil Route Closure

The United States has reinstated a naval blockade on Iran and increased airstrikes following Iranian attacks on ships in the Strait of Hormuz. In response, Iran has warned it could halt all regional energy exports and target Gulf infrastructure if its power grid is attacked. Furthermore, Iran has reportedly instructed Yemen's Houthi movement to prepare to block the Bab el-Mandeb strait, a crucial Red Sea oil passage, which could severely worsen the global energy crisis.