UPDATE: US-Iran ceasefire faces new threats as US launches second round of strikes in three days, oil prices surge, and Kuwait reports missile attack amid stalled peace negotiations.
The U.S. military struck an Iranian military facility in Bandar Abbas on Wednesday after shooting down four Iranian attack drones near the Strait of Hormuz, marking the second round of strikes in three days. The attacks came hours after the Trump administration imposed new sanctions on Iran's Persian Gulf Strait Authority, which has been charging vessels up to $2 million to transit the critical waterway. Kuwait separately reported facing a missile and drone attack Thursday morning, though no group immediately claimed responsibility.
The escalation threatens fragile ceasefire talks between Washington and Tehran that have dragged on for weeks without reopening the Strait of Hormuz, through which a fifth of global oil and natural gas normally passes. Oil prices jumped sharply on the news, with Brent crude rising 3.75% to $97.83 per barrel. President Trump said Wednesday that Iran is 'negotiating on fumes' but added the U.S. is 'not satisfied' with progress, warning Washington may have to 'finish the job' if no deal is reached.
Iran condemned Monday's U.S. strikes as a 'grave violation of the ceasefire' and said it launched retaliatory attacks, while its Revolutionary Guard acknowledged Wednesday's strikes near Bandar Abbas International Airport. The ongoing military actions come as rising energy costs heap political pressure on Trump and Republicans ahead of midterm elections, with experts warning it could take weeks or months for shipping and prices to recover once the strait reopens. The U.S. naval blockade of Iranian ports remains in effect until an agreement is certified and signed.
Editor’s rationale — Sanctions on Iranian shipping authority represent material operational change affecting global energy markets and ongoing military conflict; nationwide and international scope through oil/energy impact; medium-term durability tied to ongoing war negotiations; primary reporting by AP with official statements but limited independent verification; some information appears previous to article publication.