Since the U.S. attacked Iran on February 28, 2026, Iran has restricted or severely restricted passage through the Strait of Hormuz. The global supply of oil has been constrained, raising prices for consumers and others worldwide. The Strait is a vital route for oil and fertilizer, and its closure has contributed to a significant increase in food prices. Iran has threatened to close the strait as a response to foreign aggression for 50 years, but the Trump administration has not identified an effective strategy to reopen it.
Iran struck two UAE-flagged tankers with cruise missiles in the southern Strait of Hormuz shipping lane, within Omani territorial waters. One Indian crew member died and eight others were injured. The strike landed hours before the US resumes its blockade of Iranian ports from 2000 GMT on July 14. Donald Trump proposes to charge 20% of the value of all cargo shipped through the waterway to cover security costs.
Since the U.S. attacked Iran on February 28, 2026, Iran has restricted or severely restricted passage through the Strait of Hormuz. The global supply of oil has been constrained, raising prices for consumers and others worldwide. The Strait is a vital route for oil and fertilizer, and its closure has contributed to a significant increase in food prices. Iran has threatened to close the strait as a response to foreign aggression for 50 years, but the Trump administration has not identified an effective strategy to reopen it.
Iran struck two UAE-flagged tankers with cruise missiles in the southern Strait of Hormuz shipping lane, within Omani territorial waters. One Indian crew member died and eight others were injured. The strike landed hours before the US resumes its blockade of Iranian ports from 2000 GMT on July 14. Donald Trump proposes to charge 20% of the value of all cargo shipped through the waterway to cover security costs.