US airstrikes on Iran spike tensions, threaten global oil trade

The unprecedented US airstrikes on Iran have rattled markets and governments worldwide. Targeting key nuclear sites with bunker-busting bombs, Washington’s first direct military action against Tehran in decades has sharply raised geopolitical tensions. Iran warns of retaliation, threatening to disrupt the crucial Strait of Hormuz, a vital artery for global oil trade.

Oil prices surged nearly 6% in Asian trading, with analysts warning $100 a barrel could be near if the conflict escalates. The dollar strengthened, stock futures dipped, and Bitcoin fell below $100,000 for the first time since early May.

The US operation involved 125 aircraft, Tomahawk missile strikes from a submarine, and the first combat use of massive bunker-buster bombs. Despite the show of force, the success of strikes on Iran’s most protected enrichment facility remains unclear.

At the UN, Iran’s ambassador said the timing and scale of its response will be decided by its military, while the Revolutionary Guard hinted at targeting US bases in the region. President Trump vowed any retaliation would be met with “far greater” force.

Heightened security alerts followed in US cities amid concerns over possible reprisals. The Department of Homeland Security has declared a “heightened threat environment” through late September.

The conflict risks pushing energy prices higher at a delicate moment for the global economy, with international bodies already cutting growth forecasts. Regional naval forces warn vessels, especially US-linked ships, face increased risks, while airlines have canceled flights to the Gulf.

Although Russia and China condemned the strikes, Iran finds itself increasingly isolated, with limited support from its traditional allies. Meanwhile, Israel vows to continue its campaign, striking targets across Iran and Gaza.