Iran

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Post in thread 'Oil Market News, OPEC+, sanctions and price shocks'

How the Iran War Is Rewiring the Oil Market​

Jul 17, 2026 #Iran #Oil #Economy
The world feared the Iran war’s disruption of the Strait of Hormuz would trigger historically high oil prices. Yet the worst hasn’t happened, and the reasons for that may hint at a rewiring of global energy flows.
That unexpected resilience of markets has many explanations, but it’s forcing a bigger question: does the world simply wait for the critical waterway to normalize, or start building alternative routes, inventories and supply systems to hedge against future risks...
 
USNI News

U.S. Disables Ship a Day Into Blockade, Strait of Hormuz Transits Hit Low As Risk Appetite Falls​

U.S. Central Command forces disabled an oil tanker, shooting Hellfire missiles in the ship’s smokestacks, just one day after the U.S. reinstated the blockade of all Iranian ports and coastline.

MT Belma (IMO: 9289491) was allegedly sailing toward Iran when CENTCOM forces said it ignored multiple warnings about violating the U.S. blockade. A U.S. aircraft then shot the Hellfire missiles into Belma’s smokestack, according to a Wednesday announcement from the U.S. command.

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Sadly, both the USA and Iran are hitting civilian infrastructure, Trump is a failure.
 
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