U.S. military forces conducted strikes against Iranian targets in southern Iran on Monday, according to U.S. Central Command, which described the actions as defensive measures taken to protect American troops.

The strikes targeted Iranian boats that were allegedly attempting to lay mines and missile launch sites near the Strait of Hormuz, according to Navy Captain Tim Hawkins, a CENTCOM spokesperson. The military characterized the operations as self-defense strikes in response to threats posed by Iranian forces in the region.

The military action occurred amid ongoing diplomatic discussions between U.S. and Iranian officials in Qatar aimed at ending the nearly three-month conflict and reopening the strategically important Strait of Hormuz. The talks represent efforts to bring about a broader peace agreement, though the details of any potential deal remain unclear.

Financial markets reacted to the developments with mixed signals. Brent crude oil prices rose nearly 2% following initial reports of the strikes, while other reports indicated oil prices later declined as traders focused on potential progress in peace negotiations. Asian stock markets showed gains on hopes of a U.S.-Iran breakthrough, with South Korea's Kospi reaching a fresh record.

The strikes come as Israeli military operations continue against Hezbollah targets in Lebanon, highlighting the complex regional dynamics at play. Israeli leaders have largely remained on the sidelines of the U.S.-Iran peace discussions while maintaining their own military operations in the region.