U.S. Navy Rejects Hormuz Escort Requests Amid Iran Conflict, Crippling Global Oil Supply

The U.S. Navy has turned down near-daily pleas from the shipping industry for military escorts through the Strait of Hormuz, citing an unacceptably high risk of attacks since the outbreak of the U.S.-Israeli war on Iran over a week ago. This decision has stalled exports of roughly a fifth of the world’s oil supply, driving […] The post U.S. Navy Rejects Hormuz Escort Requests Amid Iran Conflict, Crippling Global Oil Supply appeared first on the deep dive.