Overview

• President Trump ordered airstrikes on Iran’s Fordow, Natanz and Isfahan nuclear facilities on June 22, marking America’s first direct intervention in the Israel–Iran conflict.
• Iran’s parliament voted to back a closure of the Strait of Hormuz, though Supreme Leader Ayatollah Ali Khamenei holds the final decision-making power.
• Brent crude initially jumped 5.7% to $81.40 per barrel before easing back toward $77 as markets awaited tangible supply disruptions.
• Analysts warn that even a partial shutdown of the Hormuz chokepoint could drive oil toward $100 per barrel and intensify global inflationary risks.
• The U.S., Gulf states and China have urged restraint and called for diplomatic efforts to prevent further escalation and protect energy flows.