Israel's Defence Minister announced today that an air strike killed the commander of Iran's Revolutionary Guards Navy — a senior military figure whose forces control some of the most strategically sensitive waters on earth. The US military confirmed the operation and said his death, quote, "makes the region safer." Iran has not confirmed or denied the claim. This is the latest development in a conflict now in its fourth week — a conflict that has killed nearly two thousand people and left the global economy watching the Strait of Hormuz. We'll have the full picture after some context. ---