The US conducted defensive strikes against Iranian military targets after an American drone was downed over international waters, prompting immediate retaliatory fire from the Islamic Revolutionary Guard Corps.Diplomatic efforts led by Marco Rubio to secure a 60-day ceasefire remain stalled as President Donald Trump insists on strict nuclear program conditions that Iran continues to reject.Meanwhile, the ongoing blockade of the
Strait of Hormuz and fighting between
Israel and
Hezbollah have severely disrupted global energy markets.