Wire flash
ConflictIran's Islamic Revolutionary Guard Corps (IRGC) reported that two oil tankers attempting to transit the Strait of Hormuz via a U.S.-protected southern lane near Oman turned back after one caught fire. The IRGC blamed U.S. aircraft for encouraging the vessels, calling the route unsafe. This incident follows the collapse of a ceasefire and renewed Iranian attacks on shipping. In response to Iranian missile threats, U.S. CENTCOM conducted heavy strikes on IRGC targets. The IRGC declared the Strait of Hormuz its territory and stated it cannot reopen amid U.S. interference. The escalating conflict pushed Brent crude oil prices above $92 per barrel, reflecting heightened geopolitical risk in the region.
OilPrice.com Daily News UpdateWestern
Iran Declares Strait of Hormuz Closed Amid U.S. Tensions and Tanker Fire