U.S. and Iran escalate strikes, nudging gas prices higher

The United States and Iran have escalated their military actions, engaging in the most intense fighting since President Trump brokered a deal for talks three weeks ago. This heightened conflict has begun to impact global energy markets, with gas prices showing an upward trend.

In a significant overnight operation, the U.S. military struck around 90 targets across Iran. This retaliatory action followed recent escalations from the Iranian side. The strikes represent a substantial increase in military engagement between the two nations.

Iran responded to the U.S. strikes by launching ballistic missiles and drones. These projectiles were aimed at U.S. bases and military assets situated within the region, signaling a direct and forceful countermeasure. The ongoing exchange of fire underscores the volatile security situation and the fragile state of diplomatic efforts.