US and Iran exchange strikes in Gulf in latest test of fragile ceasefire
BBC Middle East reports that the US and Iran exchanged strikes in the Gulf on Friday. Iranian drones targeted US radar installations, while the Pentagon said it had hit two radar sites in retaliation. Tehran and Washington are trying to keep ceasefire channels open despite the latest escalation.
According to BBC Middle East, the United States and Iran exchanged strikes in the Gulf on Friday. Drones described by Washington as Iranian targeted US radar installations in the region, while the Pentagon said it had retaliated against two radar sites at Goruk and Qeshm Island. The Pentagon said there were no US casualties.
Tehran said its strikes were a response to what it considers US violations of the ceasefire that took effect in March. The White House said diplomatic channels remained open and that the Pentagon, Treasury and State Department were coordinating their messaging. Gulf Cooperation Council states have called for an emergency meeting.
Brent crude rose around three dollars a barrel in one day and supply chain insurance premiums climbed across multiple sectors. In the weeks ahead, the status of the Strait of Hormuz, the GCC joint statement and US Treasury sanctions updates for Iran will be the key milestones. This is not investment advice.
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