On Tuesday, Secretary of State Marco Rubio announced that the United States has concluded its offensive operations against Iran, while cautioning that any further attacks on shipping in the Strait of Hormuz would provoke a 'devastating' response. This statement followed remarks from General Dan Caine of US Central Command, who emphasized that American forces are prepared to resume combat operations if ordered. Tensions escalated recently, with Iran's Revolutionary Guards threatening retaliation against ships deviating from approved routes in the strait. The United Arab Emirates reported intercepting missiles and drones from Iran, a claim that Tehran categorically denied. Despite the fragile ceasefire, both the US and Iran have engaged in exchanges of fire, with the US striking Iranian boats it accused of threatening commercial shipping. Rubio accused Iran of endangering the global economy and stated that the US and Gulf allies are drafting a UN Security Council resolution demanding Iran cease its attacks. European and US stocks rose amid these developments, though fears of a breakdown in negotiations linger, with rising energy costs posing additional challenges ahead of upcoming elections.