Tensions between the U.S. and Iran have reached a boiling point following a weekend marked by intense military exchanges. The ceasefire between the two nations has collapsed, with the U.S. launching multiple strikes against Iranian positions, including a significant attack on an Iranian submarine and other military facilities. In retaliation, Iran has launched attacks on Gulf states, claiming that the Strait of Hormuz is now closed to U.S. shipping. President Trump has ordered additional strikes and reinstated the blockade against Iran, declaring the ceasefire over. Amidst this escalating military conflict, global oil prices have surged, reflecting fears of further destabilization in the region. With both sides exchanging missile and drone strikes, the situation remains volatile as diplomatic efforts continue to unravel.