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The Strait of Hormuz Has Become a War Zone — and Global Energy Markets Are Paying the Price | Lavamgam

Energy

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The Strait of Hormuz Has Become a War Zone — and Global Energy Markets Are Paying the Price

Iran claimed on Sunday it struck a US naval drone near the Strait of Hormuz, just hours after US forces destroyed three Iranian oil tankers under President Trump's newly authorized "tanker-for-tanker" retaliation policy. The six-month war has turned the world's most critical oil chokepoint into an active battlefield, with the IRGC warning all vessels to avoid what it calls "unauthorized waterways."