Hormuz war-risk rates face fresh pressure as Iran-US clashes resume

Iran launched missile and drone attacks against US military targets in Jordan, Kuwait, Iraq, and Bahrain on Wednesday after American forces resumed strikes against Iranian territory, the BBC reported. The exchange returns the Strait of Hormuz to active conflict conditions, less than three months after a ceasefire framework appeared to offer a path to normalization. The strait is the world’s single most critical energy shipping corridor.