U.S. Strikes Iran, Oil Prices Jump 1.6%

U.S. military struck Iran’s Qeshm port and Bandar Abbas near the Strait of Hormuz, according to Fox News.
Iran is reviewing a fresh U.S. peace proposal while President Trump warned of higher‑intensity attacks if talks fail.
Brent crude rose 1.6% to $102.85 a barrel after an initial slide, reflecting market reaction to the strikes.
Saudi Arabia and Kuwait lifted restrictions on U.S. use of their bases, enabling a possible restart of “Project Freedom” to reopen the strait.