SHOTS FIRED: Hostilities Resume in the Persian Gulf

By
E.J. Smith - Your Survival Guy
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An F-35A Lightning II joint strike fighter completed the first in-flight missile launch of an AIM-120 June 5, 2013, over the Point Mugu Sea test range in California. The JSF is a multiservice/international cooperation warplane. (Courtesy of F-35 Program Office)

After nearly a month of quiet, the United States attacked Iranian targets, and Iran fired back at American positions around the region. CENTCOM explained on X.com that its attacks were intended to prevent Iran from mining the Strait of Hormuz.

In retaliation, Iran claimed it attacked American bases in Jordan and the UAE. AFP reports:

Iran’s Guards said the US strikes resulted in “casualties” and that their subsequent attack on Jordan was “in response to the US-Zionist aerial aggression”.

The Iranian foreign ministry condemned the US attacks on Larak and justified the Jordan strikes as “legitimate defence”.

“We are not seeking war, but we will deliver a decisive response to the aggressors,” added Iranian President Masoud Pezeshkian in a statement quoted by state TV.

Pezeshkian was speaking before travelling to Kyrgyzstan for a summit of a bloc that seeks to counter influence from the West, along with Russia’s President Vladimir Putin and China’s Xi Jinping.

The resumption of hostilities has driven the price of Brent crude oil up to over $90/barrel this morning in intraday trading.

Action Line: Uncertainty over future oil prices affects everything from monetary policy to elections to the family budget. Does your retirement plan factor in uncertainty? When you want to talk about the future and your investment portfolio, email me at ejsmith@yoursurvivalguy.com. And click here to subscribe to my free monthly Survive & Thrive letter.

Originally posted on Your Survival Guy.