By Peter Hermes Furian @Adobe Stock

The United States carried out limited strikes on Iran’s Qeshm Island following reported attacks by Iran’s Islamic Revolutionary Guard Corps on a U.S. aircraft. The strikes come as President Donald Trump faces growing pressure to end the war, while signaling that he is not in a rush to escalate military operations.

Meanwhile, diplomatic negotiations involving Qatar and Pakistan are continuing, with Iran seeking conditions that include lifting the U.S. naval blockade and releasing frozen Iranian assets. However, BBC reports that disagreements over control of the Strait of Hormuz remain a major obstacle to reaching an agreement.

Continued military tensions and disruptions to the Strait of Hormuz threaten global oil and gas supplies, international shipping, and energy market stability.