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Tehran regime has weaponised geography in retaliation for US and Israeli attacks
Fire breaks out in Shahran oil depot after US and Israeli attacks on 8 March
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U.S. federal government insurance coverage announcements have yet to have effect
U.S. Navy said no chance of escorting tankers in Strait of Hormuz
Regional maritime risk environment estimated as critical over next 48 hours
No formal declaration for closure of Strait of Hormuz
Vessel traffic through Strait of Hormuz dropped from 138 ships a day to two
Iranian military official threatened to set ships on fire in Strait of Hormuz
Shipping companies paused tankers to protect crew and cargo
More than 80 percent of oil and gas through Strait of Hormuz went to Asia in 2024
Around 80 oil and gas tankers pass through Strait of Hormuz daily
Oil prices climbed 12 percent since fighting began
TankerTrackers.com reports 55 oil tankers remain in Iranian waters
President Trump signaled US would target Iran's ability to project power at sea
Historically more harassment seizures and targeting of vessels than shutdown of traffic