Hormuz Strike Escalation

U.S. Central CommandCentral Commandtheater-level Unified Combatant Command of the U.S. Department of Defense responsible for the broader Middle East launched strikes against Iran after three commercial vessels were hit in the Strait of Hormuz, saying the operation retaliated for attacks on civilian-crewed shipping. A tanker off Oman caught fire early Tuesday after an unidentified projectile struck it less than 10 miles east of Limah; no casualties were reported. The Treasury Department also revoked General License X, issued two weeks earlier to permit Iranian oil sales under an interim U.S.-Iran framework. Oil benchmarks rose after the attacks and U.S. strikes, with Brent and WTI futures up about 3%.