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U.S. and Iran exchange strikes as Strait of Hormuz standoff escalates

From cnbc.com

Iran responded to a fresh wave of strikes from U.S. forces by launching an attack on American military bases in several Gulf states, deepening a standoff over the strategically vital Strait of Hormuz. The latest exchange casts further doubt over the future of the interim peace agreement signed last month, a deal that had sought to pave the way to reopen the Strait of Hormuz and end the war after 60 days of negotiations. Iran’s strikes targeted U.S. bases in Kuwait, Bahrain, Jordan, Oman and Qatar, according to the country’s state media outlets, describing them as retaliatory measures to renewed U.S. bombings. Sirens ... (full story)

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  • Category: Fundamental Analysis