Iran strikes US bases and ships, oil prices surge

Why in news

Iran launched ballistic missiles at US bases and struck ships in the Strait of Hormuz, leading to a surge in global oil prices and escalating regional tensions.

Background

The Iranian Islamic Revolutionary Guard Corps (IRGC) launched multiple ballistic missiles targeting US forces and a Central Command center in Jordan. US Central Command (CENTCOM) reported intercepting these missiles, while the attacks on ships occurred in the strategically vital Strait of Hormuz.

Facts for Prelims

• PlaceStrait of Hormuz: A critical maritime chokepoint for global oil transit.
• BodyCENTCOM: United States Central Command, responsible for military operations in the Middle East.
• FactIran's IRGC (Islamic Revolutionary Guard Corps) is the primary body responsible for the missile strikes.
• S&TBallistic missiles: Projectiles that follow a suborbital curved trajectory.

For Mains

Q. Analyze the impact of Middle Eastern geopolitical instability on global energy security and India's strategic interests.

Dimensions to cover in your answer

• Energy security and oil price volatility
• Maritime security in the Strait of Hormuz
• India's 'Look West' policy and energy diversification

Keywords: Geopolitical instability · Energy security · Maritime chokepoint · Strategic autonomy · Escalation

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