Market News: A fire broke out at a U.S. Navy Fifth Fleet facility in Bahrain after an Iranian missile attack in the area.

Iranian Revolutionary Guards: The U.S. military launched air strikes on multiple coastal bases and communications towers on Iran's southern coast.

Market news: Ukrainian drones attacked Russia's Sizran oil refinery.

UK Maritime Trade: Regarding the incident 9 nautical miles east of Oman, we have been informed by military authorities and the ship’s chief safety officer that the crew have abandoned ship and are currently in a lifeboat.

Salman Al-Ansari, a Saudi geopolitical analyst, said the idea that Iran sees itself as a new regional hegemon is delusional, given how much its military has been weakened, how much its Middle East proxy network has been weakened and how much its economy has been strangled in recent months. All that's left of it is bullying, piracy, noise and the ability to play spoiler. This may be true, but the United States has so far failed to demonstrate the ability to reopen the Strait of Hormuz by force. Currently, The new round of military activities by both sides has not yet escalated into a full-scale war. The United States has not targeted Tehranwhile Iran has limited its attacks to largely ineffective attacks on U.S. military installations in Bahrain, Kuwait and Jordan. Iran has not yet resumed attacks on the two most powerful Gulf states, Saudi Arabia and the United Arab Emirates. Tut this does not mean that violence in the coming weeks will necessarily remain manageable. "Fundamentally, the Iranians don't believe that Trump wants to restart the war, so they keep applying pressure. They really don't think Trump is going to 'beat them hard,'" ” said Marc Polymeropoulos, a former senior CIA official responsible for Middle East affairs. “But there are so many things that can go wrong. If one of these firefights resulted in a mass casualty incident and American soldiers were killed, Trump would go crazy. So it's not without risk. ”What makes the situation even more complicated is that since Iran’s new supreme leader Mujtaba was injured, he has neither appeared in the video nor appeared in person. It is unclear who is giving the orders. Several hardline factions vying for power in Iran have sharply criticized the memorandum of understanding signed with the United States last month and have a clear incentive to undermine the deal by escalating the situation. “Iran’s decision-making is in chaos right now,” said Mehran Haghirian, executive director of research at the Bourse & Bazaar Foundation think tank. "There is clearly a faction that does not support negotiations. Many of them want to prolong this state of affairs as long as possible, because every day that passes strengthens the regime and limits the space for postwar political reform."

According to AXIOS: A missile from Iran’s Revolutionary Guards hit a commercial ship in the Strait of Hormuz, U.S. officials said.