WS #12326
Iran's Revolutionary Guards report two oil tankers exploded after hitting mines in the Strait of Hormuz, and four tankers were stopped by missile/drone operation; US launched seventh straight night of strikes on Iran; Saudi civil defence issued then lifted warnings; Iran launched ballistic missiles at Israel, US, and Jordan. Trump threatened to add tariffs on Canada over wildfire smoke, calling it 'willful negligence'; Republicans threaten sanctions; this adds a new geopolitical friction. Iraq signed deals with Western oil firms, including Chevron, to revive the Iraq-Syria crude oil pipeline, providing an alternative export route bypassing the Strait of Hormuz with initial capacity of 2 million bpd.
Iran-US Conflict Escalation: Strait of Hormuz Tanker Attacks
Iran's Revolutionary Guards report two oil tankers exploded after hitting mines in the Strait of Hormuz, and four tankers were stopped by missile/drone operation; US launched seventh straight night of strikes on Iran; Saudi civil defence issued then lifted warnings; Iran launched ballistic missiles at Israel, US, and Jordan.
Trump threatened to add tariffs on Canada over wildfire smoke, calling it 'willful negligence'; Republicans threaten sanctions; this adds a new geopolitical friction.
Iraq signed deals with Western oil firms, including Chevron, to revive the Iraq-Syria crude oil pipeline, providing an alternative export route bypassing the Strait of Hormuz with initial capacity of 2 million bpd.