Tanker traffic through Strait of Hormuz halts after U.S. and Iran resume strikes

-Iran ceasefire over on July 8. The waterway between the Persian Gulf and the Gulf of Oman normally carries a large share of global oil shipments. Two weeks earlier a steady stream of tankers had been leaving the strait.

On the day of the report only one vessel, a sanctioned very large crude carrier, was moving, traveling the Iran-controlled route alongside an Iranian container ship. The United States carried out strikes against Iran late Wednesday or early Thursday to reduce Iran's ability to attack commercial vessels. Iran responded with strikes on Bahrain, Kuwait and Qatar.

From Air Force One on July 9 he said Iran had called and wants to make a deal. Iran's top negotiator Mohammad Bagher Ghalibaf posted on X that America had not learned that bullying and breaking promises carry costs, adding that if the United States strikes, it will get hit. U.S.

Officials told Axios the United States is prepared for escalation lasting from a day or two to multiple weeks. WTI Crude traded at 72.85, down 0.67, while Brent Crude stood at 77.62, down 0.40. Natural Gas fell to 3.100 and Heating Oil to 3.580.