US launches more strikes after Iran declares Strait of Hormuz closed
IRGC hits commercial ship transiting through waterway, with Centcom saying a crew member was missing from vessel
Source: Financial Times
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DW NOTE
The ceasefire lasted ninety-three days. Iran has now closed the world's most critical oil chokepoint — 21% of global petroleum passes through Hormuz — and attacked a civilian ship hard enough to leave a crew member missing. Brent is at $76, down 36% from its recent peak. Either the market believes this escalation resolves quickly, or it has stopped pricing geopolitical risk entirely.