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US Rear Admiral Matt Kawas stated that the Strait of Hormuz remains open for lawful commercial transit, with US forces coordinating over 2,000 transits and averaging more than 400 monthly. This contrasts with Dutch fleet commander Rear Admiral George Pastoor's assessment that shipping through the strait is "completely
Brent crude settled around $98 and kept climbing after reports of explosions near Kharg. The US military struck targets near Kharg Island and Jask, including Iranian oil tankers. Iran also outlined a new Oman–Strait of Hormuz shipping corridor.
Crude oil climbed back to $94 a barrel, the highest in six weeks, as supply-disruption concerns grew after US strikes near Kharg Island and Jask, and reports of attacks on Saudi Aramco facilities.
Brent crude hit above $99 a barrel Tuesday, then pared gains to around $97.6 amid supply disruption concerns. Tensions include US-Iran strikes, attacks on Saudi Aramco facilities, and Iran’s new Oman-Hormuz shipping corridor.
Crude topped $94 a barrel before paring gains to around $92.75, trading near six-week highs as supply-disruption concerns grow after US-Iran strikes and attacks on Saudi Aramco facilities.
Iran proposes no transit fees for ships in Strait of Hormuz
Iran and Oman discuss reopening Strait of Hormuz
Iran and Oman's foreign ministers stress importance of coordination on maritime traffic in Strait of Hormuz
Iran's IRGC warns ships to use designated Hormuz passage only, threatening action on unauthorized transit
The three Saudi tankers switched their transponders on Thursday after hiding their location for more than two months. President Donald Trump and Iranian President Masoud Pezeshkian signed a deal Wednesday that is supposed to reopen Hormuz. At least five Iranian ships have crossed the U.S. blockade line since June 16. T
The three Saudi tankers switched their transponders on Thursday after hiding their location for more than two months. President Donald Trump and Iranian President Masoud Pezeshkian signed a deal Wednesday that is supposed to reopen Hormuz. At least five Iranian ships have crossed the U.S. blockade line since June 16. T
The three Saudi tankers switched their transponders on Thursday after hiding their location for more than two months. President Donald Trump and Iranian President Masoud Pezeshkian signed a deal Wednesday that is supposed to reopen Hormuz. At least five Iranian ships have crossed the U.S. blockade line since June 16. T