The US military has intensified strikes on Iran following Tehran's closure of the Strait of Hormuz and attacks on US facilities in Gulf states.Iran's Revolutionary Guards claimed they destroyed key US military sites in Jordan, Kuwait, Oman, and Qatar, while the US accused Iran of targeting commercial vessels.The conflict has disrupted global oil supplies, causing energy prices to surge and fueling inflation.President Trump ended a ceasefire agreement, citing Iran's violations, while Iran vowed retaliation for the assassination of its leader.Gulf nations like the UAE and Bahrain reported missile attacks, with Oman mediating talks to ensure safe passage through the strait.The crisis threatens economic stability and could escalate into full-scale war if diplomatic efforts fail.