The U.S. military initiated a series of strikes against Iran in retaliation for attacks on commercial vessels in the Strait of Hormuz. U.S. Central Command confirmed the actions Tuesday evening, following a decision by the U.S. Treasury to revoke a general license for Iranian oil sales.

Centcom stated the strikes were designed to impose significant costs on Iran for targeting civilian-crewed ships in international waters. The U.S. military cited Iran's aggression as unwarranted, dangerous, and a violation of a ceasefire. These actions escalate tensions between Washington and Tehran.

The U.S. Treasury's move to end the general license for Iranian oil sales will likely impact global crude supply and prices. Investors and businesses operating in the energy and shipping sectors should monitor developments closely for potential disruptions and price volatility.