The United States has conducted airstrikes on Iran for the third night in a row, as President Donald Trump revealed plans to impose a maritime blockade and a 20% tariff on cargo traversing the Strait of Hormuz under U.S. security oversight. U.S. Central Command explained that these military actions aim to diminish Iran’s military capabilities and safeguard commercial shipping and civilians in this vital waterway. Trump emphasized the continuation of military operations against Iran and affirmed that the U.S. would retain control over security measures in the strait.
This development follows reports of two UAE oil tankers being targeted by Iranian cruise missiles in Omani waters. The attack resulted in the death of an Indian crew member and injuries to several others. The escalating tensions have contributed to an almost 8% rise in Brent crude oil prices, reflecting mounting apprehensions about global energy supplies.
Iran has strongly criticized the proposed blockade, accusing the United States of jeopardizing international energy security and warning that any efforts to limit its maritime access would be met with a robust response. International maritime authorities have also pointed out that enforcing mandatory transit fees in international waters lacks legal justification according to current international law.
The intensified military actions have sparked concerns over a potential broader regional conflict. Ongoing hostilities have disrupted shipping routes, driven up oil prices, and injected uncertainty into the global economy.