Iran and the US have escalated military tensions in the Gulf, with Iran launching missile and drone strikes against US facilities across the region.The attacks, which include targeting Qatar and the UAE for the first time, mark a significant escalation in the conflict over control of the Strait of Hormuz, a critical energy corridor.Iran has declared the strait closed after warning shots and disabling vessels, while the US claims to maintain freedom of navigation.The conflict has disrupted global energy prices, exacerbating inflation, and complicates an interim agreement aimed at reopening the strait.Iran's recent actions, including attacks on Qatari and Saudi tankers, are seen as leverage in ongoing negotiations.The US has intensified strikes on Iranian military targets to counter threats to commercial shipping.Regional countries like Oman and Bahrain report Iranian attacks, while Qatar and the UAE face casualties and infrastructure damage.The situation remains volatile, with both sides accusing each other of aggression and undermining ceasefire efforts.