The IRGC Navy says it hit an enemy unmanned vessel (submarine), with hull number 5838 and a "flood-proof" type, at the entrance to the strategic Strait of Hormuz, and thwarted its aggressive mission
Italian PM Meloni says Italy has adopted measures to boost domestic oil production
Walmart (WMT) reportedly exploring food delivery business and dark stores
The IRGC Navy says it hit an enemy unmanned vessel (submarine), with hull number 5838 and a "flood-proof" type, at the entrance to the strategic Strait of Hormuz, and thwarted its aggressive mission
Uber (UBER) CEO reports open market purchase of 141,000 shares at avg price of USD 70.9642/shr on September 10th
[MARKET UPDATE]: New daily highs seen in oil as WSJ reports that Iran resumes ballistic missile production
Open the platform and use it. The whole workspace is free to try, with no signup and no card. When you want the headlines arriving live instead of on a delay, Newsquawk Pro is £24.99 for 7 days.
- The IRGC Navy firmly declares "the Strait of Hormuz is closed and under our intelligent control and intelligence intelligence, and any hostile presence in this strategic Strait will be targeted".
Announcements that the Strait of Hormuz is closed have a long history as signalling rather than fact: Iranian actors have declared closure or control of the waterway on multiple occasions without sustained disruption, and the distinction that matters is between rhetorical closure and physical interdiction, since the strait carries a large share of seaborne crude and LNG and even partial interference transmits through freight rates, war-risk insurance premia and the prompt end of the oil curve before any actual loss of supply. Claims of this kind are typically issued for domestic or deterrent consumption, and IRGC Navy statements in particular have tended to run ahead of verifiable action. The engagement described here involves an unmanned asset, a category of incident that has historically produced less escalation risk than strikes on manned vessels, though attribution disputes are common in this theatre. What determines whether the risk premium holds is corroboration: independent confirmation from shipping trackers, naval authorities or insurers, any rerouting or suspension of transits, and retaliatory or escort responses from other states operating in the Gulf. Absent evidence of actual disruption to tanker traffic, past episodes of this kind have seen the initial crude bid fade as the declaration proves performative. The follow-ons are insurance market repricing, charterer behaviour at the Gulf load ports, and any US or allied naval statement.
Related headlines
- Hezbollah tunnels beneath the Ali Taher Ridge in southern Lebanon were just blown up by the IDF moments ago, reports Times of Israel's Fabian33 min ago
- The IDF is preparing to blow up the tunnels in the Ali Taher Ridge tonight, reports i24's Stein41 min ago
- Ukrainian President Zelenskiy says there will be no trilateral talks before elections in Russia45 min ago
- Iran is planning a "major attack" involving Israel due to the pressure it is under, a US official told Israel's Channel 131 hour ago
- [MARKET UPDATE]: New daily highs seen in oil as WSJ reports that Iran resumes ballistic missile production2 hours ago
- Iran is reportedly producing ballistic missiles again, reports WSJ2 hours ago
- We are awaiting a US draft resolution regarding new measures in the Iranian nuclear file, reports Al Araby citing a siplomatic source at the security council2 hours ago
- Primer: US to sell USD 22bln of 30-year bonds at 18:00BST/13:00EDT2 hours ago
- U.S. forces have redirected 96 commercial vessels to ensure total compliance. More than 50 vessels supporting humanitarian aid have been allowed to pass.2 hours ago
- Three explosions reportedly heard in the Strait of Hormuz, reports Al Araby3 hours ago
- Some media sources report a security incidend in the Strait of Hormuz, reports Irib News3 hours ago
- Yemen's Houthi humanitarian cooperation center says that navigation in the Red Sea is safe for all shipping except for Saudi vessels4 hours ago
- Houthi spokesperson says "regarding freedom of navigation and international trade in the Red Sea and Bab al-Mandab, these are safe and proceeding normally, and there is no need for any international concern"4 hours ago
- [ANALYSIS] ECB REVIEW: Largely as expected, with nothing to significantly shift market pricing as we await further data and energy developments4 hours ago
- Newsquawk Preview: US CPI due Friday 11th September at 13:30BST/08:30EDT4 hours ago
- US EQUITY OPEN: Indices see pressure as oil rallies; mixed US PPI sees little reaction 5 hours ago
- Chairman of the Yemeni Leadership Council says Protecting the Yemeni coast is a Yemeni, Arab, and international interest; Attempts to change the military situation near Bab al-Mandab will extend to the Red Sea and the Suez Canal.5 hours ago
- Yemeni Presidential Leadership Council Chairman al-Alimi said any attempt to alter the military situation near Bab al-Mandeb cannot be tolerated, Al Hadath reports5 hours ago
- UN nuclear watchdog IAEA confirms activity at Iran's Pickaxe Mountain, reports Bloomberg5 hours ago
- Yemen's Houthis reportedly reached Red Sea islands of Hanish, reports Yemeni government military sources5 hours ago
The whole workspace, free to try.
Try it free