Tag: hormuz
All the articles with the tag "hormuz".
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Situation Brief: The Truce Collapses
Day 130. The June 28 US-Iran stand-down collapsed overnight: three commercial tankers struck in the Strait of Hormuz, US strikes on Iran, Washington's oil-sale waiver revoked, and President Trump declaring the truce over. Brent jumped about 5% to ~$79 and the crisis score reset to 78. What happened, what it means, and which of our own week-old calls just broke against us.