The situation surrounding the US and Israeli attacks on Iran has escalated significantly, with the US Secretary of the Treasury proposing a coalition to protect oil tankers in the Strait of Hormuz to resume oil flow. He announced a temporary authorization for the purchase of Russian oil that is currently in transit, aiming to curb the rising oil prices amid the conflict. This appears to be a strategic move to mitigate the economic impact of ongoing military actions.

Amid these geopolitical tensions, a pro-Iranian militia in Iraq has claimed responsibility for shooting down a US tanker plane, although the US has denied it was due to hostile fire. They do acknowledge that another plane was involved in the incident and have initiated a rescue operation. This incident highlights the perilous environment for military and civilian aircraft in the region, associated with the intensifying hostilities.

These developments are significant as they reflect the complex interplay of military aggression, economic strategy, and international relations in this volatile region. The US response, including the potential collaboration with allies to safeguard oil transport, underscores the high stakes of maintaining oil supply lines while managing military threats. The implications for global oil markets, especially with the inclusion of Russian oil amidst ongoing sanctions, will be closely monitored by all involved parties, indicating a tense and evolving situation.