After oil increasingly left the Gulf, Iran is trying to regain its stranglehold on shipping
Tanker attacks in the Strait of Hormuz have surged to a wartime high as Iran attempts to choke off oil exports and regain its stranglehold on regional shipping. The renewed military pressure follows a brief period where Gulf oil exports returned close to prewar levels, prompting Tehran to set crosshairs on vessels participating in oil shuttle operations. Supertankers are now turning away from the Gulf oil transfer hub as shipping and insurance costs soar to a third of cargo value, while diplomatic efforts to end the conflict stall.
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- β Tanker attacks in the Strait of Hormuz have surged to a wartime high as Iran tries to choke off oil exports.
- β CENTCOM stated that the US disabled a vessel trying to run a blockade.
- β The IRGC warned against ignoring the waterway's security and rules.
- β Iran claimed a strike on an Adnoc L&S VLCC in the Strait of Hormuz.
What changed
Iran has dramatically escalated strikes against commercial supertankers in the Strait of Hormuz, pushing attacks to a wartime high and reversing a recent recovery in regional oil shipments.
Live updates
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Iran Intensifies Tanker Attacks in Strait of Hormuz
Tanker attacks in the Strait of Hormuz have surged to a wartime high as Iran attempts to choke off oil exports and regain its stranglehold on regional shipping. The renewed military pressure follows a brief period where Gulf oil exports returned close to prewar levels, prompting Tehran to set crosshairs on vessels participating in oil shuttle operations. Supertankers are now turning away from the Gulf oil transfer hub as shipping and insurance costs soar to a third of cargo value, while diplomatic efforts to end the conflict stall.
Why it matters
The Strait of Hormuz serves as a vital energy corridor, and fluctuating shipping volumes directly impact global energy supplies. Iran previously lost leverage when oil began leaving the Gulf in greater quantities, triggering aggressive military responses from the Islamic Revolutionary Guard Corps. Meanwhile, international diplomatic efforts to resolve the war face continuous setbacks as geopolitical demands from world leaders yield no immediate ceasefire.
What is confirmed
- Tanker attacks in the Strait of Hormuz have surged to a wartime high as Iran tries to choke off oil exports.
- CENTCOM stated that the US disabled a vessel trying to run a blockade.
- The IRGC warned against ignoring the waterway's security and rules.
- Iran claimed a strike on an Adnoc L&S VLCC in the Strait of Hormuz.
Still unconfirmed
- Vladimir Putin relayed the Iran war position to Donald Trump as the US president demanded everything.
- Very Large Crude Carrier owners are holding out for $300,000 per day for one-year fixes.
What to watch next
- Developments in diplomatic talks between international leaders to end the war on Iran
- Changes in VLCC charter rates and insurance costs for Gulf shipping
- Further CENTCOM operations regarding blockade runners in the Persian Gulf
confidence 95%Sources used for this update (15)
- CNBC β Tanker attacks in Strait of Hormuz surge to wartime high as Iran tries to choke off oil exports
- Iran International β Live - Putin relays Iran war position to Trump as US president demands βeverythingβ
- Al Jazeera β Hormuz attacks intensify as efforts to end war on Iran stall
- The Times of Israel β Tanker damaged after being hit in Strait of Hormuz, marine agency says
- CNN β Strait of Hormuz: After more oil left the Gulf, Iran tries to regain its stranglehold on shipping
- New York Post β Iran sets supertanker ablaze after US takes out ship breaking blockade
- www.aljazeera.com β Hormuz attacks intensify as efforts to end war on Iran stall
- TradeWinds News β Matter of time: VLCC owners hold out for $300,000 per day for one-year fixes
- TradeWinds News β Iran claims strike on Adnoc L&S VLCC in the Strait of Hormuz
- Bloomberg.com β Supertankers Turn From Gulf Oil Transfer Hub Amid Iranβs Attacks
- Fox News β WATCH: Black smoke BILLOWS from tanker attacked in Strait of Hormuz
- www.aljazeera.com β Iran sets crosshairs on βUS-UAEβ oil shuttle out of Strait of Hormuz | US-Israel war on Iran News | A....
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