💨 Abstract

An Indian oil tanker, Sanmar Herald, was fired upon by the Iranian Navy in the Strait of Hormuz. The captain pleaded for clearance to leave, but Iran warned against any ship attempting to pass through, citing a US blockade. Iran reopened and then closed the strait within 24 hours, impacting global oil prices and stock markets. The US and Iran are in a fragile truce, while Israel and Lebanon have a 10-day ceasefire.

Courtesy: Sarah Hooper