Hormuz

Trump threatens ‘unprecedented’ response if Iran mines Strait of Hormuz WASHINGTON — President Donald Trump on Tuesday warned Iran of severe military consequences if Tehran attempts to block the Strait of Hormuz with naval mines, saying the United States would respond at a level “never seen before.” The warning followed intelligence assessments indicating Iranian forces may be preparing to deploy dozens of mines in the narrow waterway, through which roughly one-fifth of the world’s oil supply transits. Trump said there were…

Strait of Hormuz disruption sends tanker and LNG shipping rates to records as U.S.-Iran tensions spike Global oil and gas shipping costs surged to fresh records as traffic through the Strait of Hormuz slowed to a near standstill after Tehran targeted vessels transiting the key waterway, according to shipping data and industry sources. The choke point between Iran and Oman carries roughly one-fifth of the world’s oil and significant volumes of liquefied natural gas. The strikes on ships, part of Iran’s retaliation to U.S. and…

AXADLE, Somalia — Iran’s state media reported that the Islamic Revolutionary Guard Corps has declared the Strait of Hormuz closed to maritime traffic, warning commercial and oil tankers against attempting to transit the waterway as regional tensions escalate. According to Reuters, a senior IRGC commander said vessels that try to pass through the strait would face direct attack, adding that ships violating the order would be set ablaze. The remarks, carried by Iranian state outlets, immediately raised fears of energy-market…