US launches new airstrikes on Iranian targets as hostilities flare
Move from Washington quashes hopes that exchange of fire last weekend might not presage wider renewal of hostilities
TL;DR
- US forces conducted airstrikes on Islamic Revolutionary Guard Corps (IRGC) targets in Iran.
- These strikes followed recent attempted attacks by the IRGC against commercial shipping and US service members.
- Reports of explosions were noted on Iran's Qeshm Island, Bandar Abbas, and Chabahar.
- Oil prices have risen due to the renewed hostilities and concerns over the Strait of Hormuz.
- Iran has warned it will prevent oil exports from the Gulf and threatened military responses.
- US President Donald Trump issued dire threats of severe retaliation against Iran.
- Both sides have made pledges to respond to further attacks, highlighting the potential for military action.
- Discussions around a June memorandum of understanding (MOU) intended to halt conflict have stalled.