finance
Tanker Traffic Halts in Strait of Hormuz After U.S. and Iran Exchange Strikes
U.S. Central Command completed additional strikes late Wednesday or early Thursday to degrade Iran's ability to target commercial shipping. Iran retaliated with strikes on Bahrain, Kuwait and Qatar. Tanker traffic through the strait has halted since July 8.
Jul 9, 6:25 AM·1m read4 sources
FIMAOS
DefensiveEnforcement
globalnews.caAudio version
Tap play to generate a narrated version.
Developing·Limited corroboration so far. This page will refresh as more sources emerge.
The United States carried out further strikes against Iran late Wednesday or early Thursday to reduce Iran's capacity to attack commercial vessels in the Strait of Hormuz. U.S. Central Command said the action aimed to degrade Iran's ability to target shipping and civilian mariners.
Iran responded with strikes on Bahrain, Kuwait and Qatar. Mohammad Bagher Ghalibaf, Iran's top negotiator, posted on X that America had not learned 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 to deter further Iranian attacks on ships. Iran's next moves will shape the length and intensity of the U.S. response, one official said.
President Trump stated from Air Force One on July 9 that Iran had called and wants to make a deal. Tanker traffic through the Strait of Hormuz has stood still since July 8 as operators avoid the renewed fighting. 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.
