HORMUZ DISASTER

Wednesday morning, the IRGC Navy attacked and seized two oil tankers in the Strait of Hormuz. Later on, videos came out showing that the seized tankers had been sailed into Iranian ports. The condition of their crews is currently unknown.


In the title I referred to the action described above as a "disaster" as it occurred hours after the United States announced a "unilateral" and indefinite extension to the ceasefire. This extension combined with the attacks, resulted in Brent Crude Oil going over $100 a barrel, for the first time since the ceasefire went into place two weeks ago.

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