Story
US Military Confirms New Strikes on Iran, Targeting Key Port of Bandar Abbas

Summary
The U.S. military has concluded its latest series of airstrikes against Iran, targeting strategic military sites including the crucial port city of Bandar Abbas, further escalating geopolitical tensions in the Strait of Hormuz.
The U.S. military announced late Wednesday it has completed a new wave of strikes against Iran under the direction of President Donald Trump. The attacks targeted several strategic locations, including the nation's principal port city of Bandar Abbas on the Strait of Hormuz.
Details of the Operation
U.S. Central Command (CENTCOM) confirmed the operation in a statement on the social media platform X. The strikes are the latest in a conflict that began when the U.S. and Israel attacked Iran on February 28, prompting retaliatory strikes from Tehran.
According to CENTCOM, the targets were chosen to degrade Iran's military capabilities. They included:
- Iranian command centers and air defense sites
- Missile and drone capabilities
- Coastal surveillance facilities
The statement specified that U.S. forces hit targets in multiple locations, with a focus on Bandar Abbas, a critical hub for Iran's navy and Revolutionary Guards. A separate 90-minute wave earlier in the day targeted coastal defense and cruise missile sites on Greater Tunb Island, CENTCOM added.
AdMarket Implications and Regional Escalation
The targeting of Bandar Abbas represents a significant development, as the port is a vital component of Iran's economy and sits on the Strait of Hormuz. This strait is a critical chokepoint for a substantial portion of the world's seaborne oil shipments, and any disruption to its operations can have an immediate impact on global energy prices.
The ongoing war has already roiled global markets and contributed to higher oil prices, according to reports. This latest military action is likely to heighten investor concerns over geopolitical instability in the Middle East and the security of global energy supplies.
Broader U.S. Stance
The strikes follow recent threats from President Trump to hit Iranian energy targets and, subsequently, bridges. International law experts have previously noted that attacks on sites considered essential for civilian life may violate the 1949 Geneva Conventions, and past threats by the administration have drawn condemnation over concerns they could amount to war crimes.
Read next
More on Commodities
Federal Reserve Hikes Rates as Middle East Tensions Drive Oil Prices Higher
The U.S. Federal Reserve raised interest rates for the first time in three years, while escalating conflict in the Middle East caused a surge in crude oil prices, confronting investors with dual pressures from monetary tightening and geopolitical risk.

Goldman Sachs Sees Gold Reaching $5,400 by 2027 Despite Fed Rate Hikes
The investment bank maintains its bullish long-term forecast for gold, arguing that strong central bank demand will outweigh near-term pressure from tighter U.S. monetary policy.

South Korea Eyes Major US Energy Investments in Texas Power, Nuclear Projects
South Korea and the U.S. are discussing a series of major energy infrastructure projects, including a Texas gas plant and new nuclear reactors, as part of a $200 billion strategic investment package. The plans, reported by South Korean media, are still under negotiation and have not been finalized.

European Natural Gas Set to Snap Five-Week Winning Streak on French Supply Resumption
European and British wholesale natural gas futures are on track for their first weekly loss in over a month, as the resolution of a French labor strike temporarily eased supply concerns, overshadowing ongoing geopolitical risks.