US and Iran Exchange Strikes Amid Rising Tensions in Middle East

The United States and Iran have engaged in renewed military exchanges, with the US launching "large and powerful" strikes against Iranian military targets and tankers near the Strait of Hormuz in retaliation for alleged attempts to mine the strait and target US service members. Iran, in turn, claimed to have struck US assets in Bahrain, Jordan, Kuwait, and Iraq. This escalation has significant implications for regional security, global oil markets, and international shipping.