The United States has renewed its attacks on Iran, with multiple explosions reported in southern regions, including the port city of Sirik, Qeshm Island, Bandar Abbas and Kharg Island. U.S. Central Command said the strikes were in response to Iranian attacks on three commercial vessels that were transiting the Strait of Hormuz. In response, Iran’s military pledged a “crushing response.” Soon after, air raid sirens sounded in Bahrain and Kuwait as U.S. military sites came under Iranian drone and missile fire. The U.S. strikes came hours after the Treasury Department revoked a temporary sanctions waiver that allowed Iran to sell oil on the open market. That led to a surge in oil prices and a steep decline in Asian stock markets, which shed more than $700 billion in value during a broad sell-off.