Overview
- U.S. and Israeli forces carried out strikes on Iran, and Tehran launched missiles toward Israel in response.
- Trading sources say several oil majors and top trading houses suspended crude and fuel transits through the Strait of Hormuz.
- An EU naval mission reported IRGC radio warnings telling vessels not to pass, while U.S. and UK maritime agencies advised caution in Gulf waters.
- Vessel-tracking showed tankers avoiding the strait and queuing near key waypoints such as Fujairah, with some LNG carriers pausing voyages.
- Iran’s Guards claimed the waterway was "effectively closed," a contested assertion, as analysts warned of price spikes when markets reopen and flagged risks of $100 oil if flows are curtailed despite a large U.S. inventory build.