Strait of Hormuz shipping crisis deepens as Iran maintains control. A liquefied natural gas tanker reversed course after Iranian Revolutionary Guard intervention, signaling persistent geopolitical risks to global energy markets. Ship traffic remains critically low at just 12 vessels since ceasefire compared to over 100 daily in peacetime. President Trump escalated concerns, accusing Iran of violating ceasefire terms and potentially charging tolls on passing tankers. The White House opposes Iran's military control and revenue-raising tactics on the crucial waterway. Crude oil prices surged over 105 points amid supply chain uncertainty. This disruption threatens global energy stability and shipping routes vital to international commerce.
