Iran’s Revolutionary Guards said naval mines had prevented three tankers from passing through the Strait of Hormuz, and traders assessing Middle East supply risks pushed oil prices higher.
Iran’s IRGC reported a container ship sank after striking a mine in the Strait of Hormuz on Oct 14, amid Saudi attacks and US military posture adjustments in the Middle East.
The Trump administration warns shipping companies they face sanctions if they pay Iran tolls for passage through the Strait of Hormuz, as Trump says he is ’not excited’ by Iran’s latest peace proposal.
The US Treasury has issued a notice warning that any individual or company paying Iran a ’toll’ for passage through the Strait of Hormuz risks violating US sanctions.
The US, Bolivia, Costa Rica, Guyana, Paraguay, and Trinidad and Tobago issue a joint statement criticizing China’s ’targeted economic pressure’ on Panama following a Supreme Court ruling on canal port management.