- Iran says it will set up an “exclusion zone” around the Strait of Hormuz to block ships it deems intent on transiting the waterway, part of rising tensions after recent strikes.
- The U.S. is enforcing a naval blockade and has struck Iranian-linked tankers while escorting commercial ships, raising regional risk but keeping lanes open.
- Despite the fighting, about 9 million barrels a day are still getting through the strait—roughly two-thirds of preconflict flows—helping ease immediate pressure on oil prices.
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