Iran-US war latest: Tehran vows to extend ‘exclusion zone’ near Strait of Hormuz after US strikes on tankers
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The latest exchange of attacks followed an escalation in the past week which threatens to deepen the conflict
- Why it matters
- An expanded Iranian exclusion zone near the Strait of Hormuz could disrupt global oil shipping and raise energy costs, as roughly one-third of seaborne oil passes through the waterway.
- Most affected
- Oil tanker operators and shippers — Face potential exclusion or attack risk in the disputed waters.
Energy consumers globally — Could face supply disruptions and higher fuel costs if shipping is blocked. - Likely next
- Whether Iran formally declares the expanded exclusion zone's boundaries and whether US or international shipping continues to operate within it.
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