U.S. forces launched self‑defense strikes on military targets in southern Iran late Sunday, hitting radar and command sites in Goruk and on Qeshm Island. The attack follows a week of escalating strikes and comes as Washington pushes a tougher peace framework ahead of negotiations that could reshape regional dynamics for oil markets and global supply chains.

Within an hour, Iran’s Islamic Revolutionary Guards Corps announced it struck a military base it said housed the U.S. communications facility blamed for the attack. The cycle of retaliation risks derailing talks on a framework that President Trump has sent back to Tehran for review after a two‑hour White House meeting with top aides today.

Israel’s Prime Minister Benjamin Netanyahu ordered strikes on southern Beirut as part of a broader campaign against Hezbollah, adding a new front to the conflict. Lebanese hostilities complicate the U.S. and Iran effort to reach a cease‑fire that could pave the way for a comprehensive peace deal in the Gulf region and beyond for investors.

Oil prices climbed as traders weighed the fresh exchange of strikes, fearing renewed supply disruptions in the Strait of Hormuz. Investors now scrutinize how continued hostilities could pressure energy markets and elevate shipping costs, potentially reshaping global commodity pricing and influencing corporate risk assessments for multinational firms operating in volatile regions and their supply chains.