Military escalations between the US and Iran have led to a halt in oil shipments from the port of Fujairah, fueling fears of a blockade in critical maritime straits.

Following retaliatory strikes and a formal end to the ceasefire, the conflict has intensified, with new leader Mojtaba Khamenei calling for vengeance. Global energy markets face instability as regional mediators attempt to revive indirect discussions.

The U.S. military launched strikes against Iran after three commercial vessels were attacked in the Strait of Hormuz, effectively ending a fragile memorandum.