The IRGC has enforced a maritime blockade in the Strait of Hormuz, targeting vessels that move "even a few metres" without permission. With 14 tankers reportedly hit, the paralysis of this vital oil route has forced the US and IEA to release millions of barrels from strategic reserves.
US President Donald Trump on Wednesday reiterated his stance on cutting trade with Spain over the NATO ally's refusal to allow the use of its military bases for operations linked to the war with Iran.