- U.S. forces struck Iranian rocket launchers on Larak Island after CENTCOM said they were preparing to launch rockets carrying sea mines into the Strait of Hormuz; Iran retaliated against two U.S. bases in Jordan.
- The escalation pushed Brent crude futures 3.2% higher to $90.90 and WTI futures 3.5% higher to $86.28, as traders assessed renewed risks to Middle East energy shipments.
- Chevron and Exxon Mobil gained about 3% and XLE rose 2%, while SPY fell 0.4%; the move reflects a geopolitical supply-risk premium that can reverse if Hormuz traffic normalizes.
Quotes
“We're going to hit them very hard”
“There will be a response”
“Earlier today U.S. forces struck two Iranian launchers on Larak Island. Islamic Revolutionary Guard Corps forces were observed preparing to launch rockets with sea mines into the Strait of Hormuz”