Ongoing US enforcement of a naval blockade against Iranian ports, amid intensified IRGC strikes on tankers and restricted Hormuz transits averaging under 12 daily, anchors trader sentiment for this market. The strait’s pre-crisis role in moving roughly 20% of global oil consumption keeps crude above $100 per barrel, with shipping insurance and freight rates reflecting persistent risk. US carrier deployments and precision interdictions contrast with European positioning of minehunters and escorts by France, Britain, and Germany, plus Indian warships in the Gulf of Oman. Diplomatic stalemate and potential further carrier arrivals before year-end remain key swing factors for which flags transit by December 31.
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