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Iran’s Closure of Strait of Hormuz Escalates Global Tensions and Oil Market Crisis

Washington: Death to Mojtaba. A statement attributed to the new leader vowed continued attacks on US and Israeli interests, the closure of the Strait of Hormuz, and what it called never-ending revenge.

According to France24.com, President Donald Trump offered mixed signals in Washington, describing the mission as both very complete and yet not sufficiently won. He confirmed that strikes will continue and mentioned that more than six thousand targets have already been hit. Reports also suggest frustration inside the White House over Israel's decision to strike oil installations in Tehran, as debate grows over the human cost of the campaign after a missile hit a girls' school in Minab, killing more than 160 people, most of them children.

Meanwhile, Iran's closure of the Strait of Hormuz has triggered the largest disruption to global fuel supplies in the history of the oil market. Tankers attempting to pass through the corridor have been targeted by explosive naval drones, leaving around twenty thousand crew members stranded aboard ships in what has become a war zone, as missile and drone attacks continue across Gulf states including Bahrain, Kuwait, Saudi Arabia, and Qatar.