The conflict between the United States and Iran intensified as military strikes entered a second day, centering on the strategic Strait of Hormuz. U.S. President Donald Trump announced plans to reinstate a blockade and charge ships for safe passage, while Iran rejected any foreign control over the vital waterway. Both sides exchanged missile and drone attacks, with Iran claiming strikes on U.S.-linked military facilities across the Gulf and the U.S. targeting Iranian capabilities to protect shipping. The UK also announced plans to ban Iran's Islamic Revolutionary Guard Corps (IRGC), while Iran continued diplomatic contacts with mediators including Qatar, Oman and Pakistan to prevent further escalation. Meanwhile, concerns over disruption in the Strait of Hormuz pushed global oil prices higher, raising fears of inflation and wider economic impact

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