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US-Iran Conflict: Larak Attack Reignites Gulf Tensions, Oil Prices Surge Past $90

On the diplomatic front, Iranian President Masoud Pezeshkian, heading to the Shanghai Cooperation Organization summit in Bishkek for a scheduled meeting with Vladimir Putin, emphasized that Iran does not seek war but will not stand idle in the face of aggression.


The tension between the United States and Iran has dramatically resurfaced in the Persian Gulf, shattering the fragile truce negotiated in recent months. The focal point of this new escalation is Larak Island, where U.S. forces conducted a targeted airstrike to destroy two missile launch pads belonging to the Revolutionary Guards. According to Washington's command, the Guards were preparing to deploy naval mines in the strategic Strait of Hormuz, prompting the zero-tolerance policy promised by the Trump administration to safeguard global energy routes.

Tehran's response was swift and multifaceted. On one hand, the regime retaliated by launching missiles and drones at U.S. military bases in Al Azraq and Re Hussein in Jordan, as well as a facility in Al Minhad, UAE, although defense systems intercepted most incoming projectiles. On the other hand, the Revolutionary Guards claimed to have shot down an American MQ-9 spy drone over the Strait of Hormuz and reported the seizure of a supertanker damaged by two naval mines.

The intensity of the clashes immediately reignited fears in international markets, driving crude oil prices higher: Brent crude surpassed the psychological threshold of $90 per barrel, while WTI settled above $85. Further complicating the situation is the stalled agreement for the humanitarian and commercial naval corridor with Oman, which Tehran has announced it will freeze until the full adherence to the memorandum signed in June.

On the diplomatic stage, Iranian President Masoud Pezeshkian, en route to the Shanghai Cooperation Organization summit in Bishkek for a bilateral meeting with Vladimir Putin, reiterated that Iran does not seek war but will not remain passive in the face of aggression. Meanwhile, in the United States, revelations from the Washington Post highlight growing concerns among military leaders, who have reportedly warned the Pentagon about the unsustainability of a prolonged conflict that risks depleting Washington's strategic resources and personnel, leaving it vulnerable on other global fronts.

 

(Associated Medias) - All rights reserved