US military conducted first strike on Iran in over a month, targeting rocket launch facilities and intercepting mine-laying operations in the Hormuz Strait. The escalation drives oil prices up 1.4% (Brent crude to $89.30/barrel) and threatens to raise energy costs globally. Trump administration pivots back to military action after weeks of economic pressure, with Treasury preparing additional sanctions on Iranian partners including China and secondary bank sanctions—critical for monitoring energy market impacts on Thai importers and SMEs dependent on oil prices.