Iran fires on its Gulf neighbours, retaliating for US military strikes after a month-long lull

Iran has launched military strikes against its Gulf neighbors in retaliation for recent US military actions. This escalation marks the conclusion of a month-long period of relative calm in the region, reigniting direct hostilities between Iranian and American forces.

The renewed violence has prompted concerns regarding the trajectory of the ongoing conflict. The instability has already resulted in a notable increase in global oil prices, intensifying international scrutiny on potential paths toward de-escalation.