US-Iran strikes deepen Strait of Hormuz crisis after tanker attacks
Why it matters: The clash threatens a route that had carried 5 million to 8 million barrels a day under US naval escort, with oil prices rising.
Renewed US and Iranian strikes have pushed the Strait of Hormuz back toward open conflict after Iran attacked three tankers using a US-protected route near Oman. US Central Command said it carried out retaliatory strikes, while Washington also revoked a waiver that had let Tehran sell oil globally under an interim accord. The latest fighting has put that deal in doubt. CNBC reported the agreement left ship-traffic management unresolved, with Iran insisting vessels should use a northern corridor through its waters while the US and Gulf allies expanded a southern lane along Oman’s coast. The escalation lifted crude prices and added to fears of wider disruption in one of the world’s most important oil chokepoints.
Earlier in this story
- Jul 18Iran strikes U.S. bases in Jordan and Bahrain
- Jul 18US, Iran Exchange Fire in Strait of Hormuz; China Urges Reopening
- Jul 16Iranian missiles strike 2 UAE tankers in Strait of Hormuz; 1 crewman dies
- Jul 16US strikes hit Bandar Abbas and Hormuz island sites in Iran
- Jul 16US launches fresh wave of strikes on Iran, blasts hit south
- Jul 15Iran attacks U.S. bases in Jordan, Bahrain and Kuwait
- Jul 15US widens Iran strikes as Hormuz blockade returns, oil jumps 4%
- Jul 15Iran shuts Strait of Hormuz as US strikes new target in Iran
- Jul 15PBNU urges end to U.S.-Iran conflict as Hormuz heats up
- Jul 15US hits 6 Iranian coastal sites in third night of strikes
- Jul 12US-Iran strikes deepen Strait of Hormuz crisis after tanker attacksreading now