U.S. Strikes Fail to Break Iran’s Grip on the Strait of Hormuz
The U.S. launched another major round of strikes across Iran this week, targeting roughly 90 military sites, including coastal radar installations, anti-ship missile batteries, drone launch positions, command networks and IRGC naval assets around Hormuz. Tehran responded within hours with missile a
Source: OilPrice.com
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DW NOTE
The U.S. has now conducted two rounds of strikes on Iranian coastal batteries since the ceasefire collapsed. Tehran is still mining the Strait. WTI is down 37% from its peak and falling — either traders believe the blockade will end soon, or they have stopped believing anything the oil market signals.