Current Affairs
US and Iran Clash Near Hormuz Even as Both Tout Talks Progress
US and Iranian forces clashed near the Strait of Hormuz overnight, with the US military conducting self-defense strikes on missile-launch sites and boats attempting to lay mines, while Iran's IRGC claimed it shot down an MQ-9 Reaper drone. The clashes occurred amid ongoing negotiations between Trump and Tehran over extending their ceasefire and reopening the strait. Brent crude rose 3.8% to just below $100 a barrel on Tuesday, reflecting tensions over key obstacles including frozen Iranian funds, uranium stocks, and free passage through Hormuz.
