oil chokepoint
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Hormuz Ceasefire Frays Again as U.S. Downs Iranian Drones Near Shipping Lanes
U.S. forces shot down two Iranian drones near the Strait of Hormuz after CENTCOM said they threatened international maritime traffic, according to EFE, AFP via Arab News, AP and Xinhua. The incident followed a prior exchange in which U.S. forces downed Iranian drones, intercepted missiles aimed toward Gulf allies and struck Iranian coastal surveillance radar sites. The pattern keeps the world’s most important oil-shipping chokepoint under active military stress even if cargoes continue moving.
Published Jun 7, 2026
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Israel Strikes Iran: Escalation Ladder
Israel says it launched a “pre-emptive” strike on Iran as explosions hit Tehran. Here’s the escalation ladder, the oil chokepoint risk, and the market plumbing
Published Feb 28, 2026