US Strikes Iran Targets, Including Key Port; Oil Prices Rise Amid Escalating Conflict

US Strikes Iran Targets, Including Key Port; Oil Prices Rise Amid Escalating Conflict

The US military confirmed late Wednesday it completed a new wave of strikes on Iran, targeting command centers, air defense sites, and missile capabilities, including facilities in Bandar Abbas and Greater Tunb Island. These actions, directed by President Trump, are part of an ongoing conflict that has significantly elevated geopolitical tensions in the Middle East. The war has already sent crude oil prices higher and shaken global markets. This escalation could further boost safe-haven demand for gold internationally and potentially pressure the Pakistani Rupee due to higher oil import costs.

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