War expands as Iran crisis enters day five, Hormuz fears spike markets

1 min read
Source: The Guardian
War expands as Iran crisis enters day five, Hormuz fears spike markets
Photo: The Guardian
TL;DR Summary

Day five of the US‑Israel war on Iran sees Washington saying nearly 2,000 Iranian targets have been hit and floated plans for US Navy escorts of tankers through the Strait of Hormuz, while Iran claims control of the Strait. Across the region, strikes escalate in Iran and Lebanon, with casualties and displacement mounting. Global markets slump on energy‑security fears as oil prices rise, underscoring the wider economic impact of the conflict.

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