Oil jumps nearly 3% after Trump's warning, US crude $90.76

US strikes Iranian targets, regional retaliation

The US struck Iranian targets near the Strait of Hormuz Tuesday night after an American helicopter was downed.
In response, Iran fired missiles at Bahrain, Kuwait, and Jordan, marking one of the biggest escalations.
With Iran-Israel tensions also rising, countries are keeping a close eye on things due to fears about energy supplies and wider conflict in West Asia.