Strait of Hormuz Shipping Drops to Multi-Week Low as US-Iran Strikes Resume; Oil Jumps 4%
Daily Sabah (Turkey)—Shipping traffic through the Strait of Hormuz fell to its lowest level in months as renewed US-Iran military strikes raised the safety risk for commercial vessels and major carriers halted crossings. Oil prices jumped 4% on the threat to Gulf energy shipments. Trump declared the US should run the Strait of Hormuz and be paid for providing security, as the US launched additional strikes on Iran in the intensifying standoff.
- Daily Sabah (Turkey) — Hormuz traffic down to 2-month low amid renewed US, Iran strikes
- Dawn — Oil jumps 3pc as new strikes by US, Iran threaten Hormuz shipments
- Washington Times — U.S., Iran trade strikes as dispute over control of Strait of Hormuz escalates
- Nation Africa — Hormuz traffic slows to multi-week low as renewed US, Iran strikes raise safety risk
- Dawn — Oil jumps 4% as new US, Iran strikes threaten Hormuz shipments
- Euronews — US launches more strikes on Iran as renewed standoff over Strait of Hormuz intensifies
- PBS NewsHour — U.S. launches more strikes on Iran as the standoff over the Strait of Hormuz escalates.
- Reuters — Hormuz traffic slows to multi-week low as US, Iran strikes raise safety risk