US military strikes Iranian oil tankers near Hormuz, Jask: Fox News

The U.S. military has reportedly carried out strikes against targets near Hormuz Island and Jask, including Iranian oil tankers, according to Fox News citing senior U.S. officials. The strikes are said to be part of a broader strategy aimed at economically constraining Iran by targeting its crude-export capabilities. This development marks an escalation in the ongoing U.S.-Iran tensions, which have been focused on control of the strategic Strait of Hormuz and Iran’s maritime capabilities. The U.S. has previously engaged in military actions in the region, with this latest move suggesting a shift towards economic warfare. Key Takeaways The U.S. military action appears to escalate the conflict with Iran by targeting economic assets, aligning with a broader campaign strategy reported by officials. Market pricing suggests an increased likelihood of a U.S. invasion of Iran before 2027, consistent with heightened geopolitical tensions. The probability of a U.S. invasion as assessed by markets has shown a slight uptick, now at 14.5% for an invasion by the end of 2026. What to Watch Observers will closely monitor any further U.S. military actions or statements from the Pentagon that could i...