Iran Strikes US-Escorted Tankers in Strait of Hormuz, Prompting US Threats of Retaliation

Iran's Islamic Revolutionary Guard Corps (IRGC) directly attacked US-escorted tankers in the Strait of Hormuz, marking a significant escalation beyond previous harassment and threatening to trigger US retaliation. US President Trump has threatened "very hard" strikes on Iran, pushing to reopen the strategic waterway. This comes as Kuwait reported intercepting Iranian drones and a tanker was struck off Oman. The escalation raises the odds of a wider US-Iran confrontation and impacts global energy prices and supply chains.