Strait of Hormuz completely blocked; oil tankers turned back, via Fars News

The blockage of the Strait of Hormuz acts as a significant geopolitical escalation, likely causing immediate concerns over oil supply disruptions.

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Strait of Hormuz completely blocked; oil tankers turned back, via Fars News

Evidence of UAE airstrikes on at least two locations in Iran after temporary ceasefire, Fars News reports; After the temporary agreement between Iran and US, several attacks have been reported in different parts of Iran

Iran's ports and maritime organisation designates alternative safe routes through the Strait of Hormuz due to the possibility of mines in some parts of the strait, SNN reports

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  • Based on data obtained from maritime traffic tracking systems, the AUROURA tanker, which was heading towards the exit of the Strait of Hormuz, suddenly changed course near the coast of Musandam (near Khasab) and made a 180-degree turn, returning to the depths of the Persian Gulf.
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This could lead to higher oil prices as traders factor in potential constraints on one of the world’s key maritime transit routes for oil. Watch for market reactions in WTI and related commodities, as well as potential knock-on effects for currencies linked to oil revenues and broader risk sentiment.

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