The United States launched airstrikes on Iranian targets in the Gulf, including air defense systems, radars, and over 60 small boats used by Iran's paramilitary Revolutionary Guard, in response to Iranian attacks on commercial shipping in the Strait of Hormuz. Iran retaliated by targeting U.S. military installations in Bahrain and Kuwait, with Kuwait intercepting two ballistic missiles and 13 drones. U.S. President Donald Trump declared the interim ceasefire "over," though he allowed for continued negotiations, causing oil prices to spike over 5%. The U.S. also revoked a license authorizing the sale of Iranian oil under the interim deal. The crossfire threatens to reignite the war in Iran, potentially disrupting global energy shipments through the Strait of Hormuz. Meanwhile, funeral ceremonies for Iran's Supreme Leader Ayatollah Ali Khamenei, killed Feb. 28, continued in Iraq, with his son Mojtaba Khamenei reportedly in hiding.