The US Navy just fired live 5-inch shells at an Iranian vessel in the Gulf

In a striking echo of history, the US Navy fired live 5-inch shells at an Iranian cargo vessel in the Gulf of Oman just one day after the 38th anniversary of a similar engagement. The USS Spruance targeted the M/V Touska for violating US Treasury sanctions and ignoring warnings while en route to Bandar Abbas. Marines have taken control of the ship, now under US custody. This action comes amid escalating tensions, with recent US-Iran negotiations in Islamabad failing over what Iran calls "excessive demands." The incident recalls the 1988 Operation Praying Mantis, where similar US naval actions significantly weakened Iran's naval capabilities. As geopolitical stakes rise, market reactions remain uncertain, with energy analysts closely monitoring potential impacts on oil prices. The ceasefire deadline approaches, and the outcome could influence global markets.