IRGC says two tankers were hit near the Strait of Hormuz, and that the Strait of Hormuz is closed, while it also says US radar and defence systems in Bahrain were destroyed

The incident involving the IRGC stating that two tankers were hit and that the Strait of Hormuz is closed could represent a significant escalation in tensions in the region. This situation likely raises concerns around oil supply disruptions, with implications for crude prices and overall geopolitical stability, particularly affecting risk sentiment in energy markets.