US President Donald Trump announced plans to take permanent control of the Strait of Hormuz following overnight American airstrikes against Iranian military assets. Trump labeled the US the "guardian angel" of the waterway and demanded foreign financial reimbursement
Their supply networks were stretched to the limit, as panic buying triggered a sharp spike in demand after the war disrupted traffic through the Strait of Hormuz, a key route for the majority of India's energy imports.
First LNG shipment since the West Asia conflict appears to have crossed the Strait of Hormuz, signalling easing tensions. The tanker Mubaraz heads toward China, raising cautious optimism for global energy flows despite ongoing US-Iran geopolitical uncertainty