The muted price reaction on Globex reopening, barely lower rather than sharply higher, suggests the market had already priced in an escalation of this scale after days of strikes and blockade actions. What's new here is the shift toward transport and telecoms infrastructure rather than purely military targets, which raises the stakes on Iran's threatened retaliation against regional infrastructure and on the Houthis' threat to close Bab al-Mandab. The naval blockade enforcement, three vessels redirected and one disabled, signals Washington intends to hold Hormuz shut regardless of Iranian pressure, keeping a structural risk premium in the barrel even as spot moves stay small for now.---The US widens its bombing campaign to Iranian transport and telecoms links while its Navy tightens the Hormuz blockade, and oil barely reacts, suggesting the escalation was already priced in.Summary:US strikes hit three bridges in Iran's Hormozgan province, the Bandar Khamir overpass connecting Bandar Abbas to Lar, the Gariveh Bridge, and a third structure, with vehicles caught on the Bandar Khamir span at the time.The Bandar Khamir strike killed at least one person with several injured, while the Gariveh Bridge strike killed two and injured four.A railway station west of Bandar Abbas linking to the Shahid Rajaei port freight network was also hit, causing two injuries.Precision missiles struck a telecommunications tower in Bandar Abbas, damaging nearby residential buildings and causing civilian casualties, and a separate strike hit a civilian airport in Iranshahr in the country's southeast.The strikes on infrastructure directly trigger a warning from Iran's IRGC that it will destroy every piece of regional infrastructure in response, alongside a Houthi threat to close the Bab al-Mandab Strait.At sea, US Marines conducted a verification boarding of a tanker in the Gulf of Oman, with American forces having redirected three vessels attempting to breach the blockade and disabled one that did not comply.Oil trading resumed on Globex with prices only slightly and barely lower.Oil trading resumed on Globex with prices only marginally and barely lower, even as the United States dramatically widened its bombing campaign against Iran to strike transport and communications infrastructure across the country, according to a CENTCOM statement and wire reports.US strikes over the past few hours targeted three bridges in Iran's Hormozgan province. The Bandar Khamir overpass, a key crossing connecting the port city of Bandar Abbas to Lar, was struck while vehicles were on it, killing at least one person and injuring several others. The Gariveh Bridge was also hit, killing two and injuring four, while a third bridge in the province was struck as well. Separately, a railway station west of Bandar Abbas, which links to the freight and passenger lines serving the Shahid Rajaei port, a major commercial hub, sustained damage in a strike that caused two injuries.Fighter jets also fired heavy precision-guided missiles at a telecommunications tower in Bandar Abbas, with the resulting damage extending to nearby residential buildings and causing further civilian casualties. In the country's southeast, US missiles struck a civilian airport in Iranshahr.The shift toward transport, freight and communications targets marks an escalation from earlier strikes on military sites, and directly triggered a fresh warning from Iran's Islamic Revolutionary Guard Corps, which said it would destroy every last piece of infrastructure in the region as if it had never existed should the US continue hitting Iranian infrastructure. The Houthi movement separately renewed its threat to close the Bab al-Mandab Strait in response.At sea, US forces continued enforcing the naval blockade of Iran. CENTCOM said Marines from the 11th Marine Expeditionary Unit carried out a verification boarding of the tanker Wen Yao in the Gulf of Oman on Wednesday. Over recent days, American forces have redirected three commercial vessels attempting to run the blockade, disabled one that failed to comply, and boarded another to confirm compliance. CENTCOM maintained that the Strait of Hormuz and surrounding waters remain open to traffic except for vessels attempting to breach the blockade.The limited market reaction on Globex's reopening suggests traders had already absorbed much of the risk from an escalation of this scale, though the shift to infrastructure targets, combined with Iran's retaliatory threat and the Houthi warning over Bab al-Mandab, leaves the door open to a sharper repricing if either side follows through. Trump is speaking later, at 2100 US Eastern time / 0100 GMT. This article was written by Eamonn Sheridan at investinglive.com.