The situation in the Persian Gulf remains increasingly tense with escalating military actions and diplomatic withdrawals. The UK has withdrawn its remaining diplomats from Iran due to heightened security concerns. Concurrently, the US has continued airstrikes within Iran for a 12th consecutive night, amid threats of Iranian retaliation, including missile attacks. Additionally, Iran-backed Houthi militants claimed to have attacked two oil tankers in the Red Sea, potentially disrupting global energy markets and affecting fuel prices. In response, Iran blocked three oil tankers from passing through the Strait of Hormuz, further risking supply disruptions. Overall, these events underscore a deepening US-Iran conflict with potential widespread economic implications.