The Strait of Hormuz remains closed

The operation "Epstein's Fury" continues. 2 cargo ships sank in the Strait of Hormuz within 24 hours. The price of the crude oil remains high, as well as the shipping insurance costs world-wide.

GFS Pride - a Singapore-flagged container ship carrying 2,500 containers - sank over some time after getting hit by either a missile or a sea mine. The crew survived.

Cape Dao - an Antigua and Barbuda-flagged container ship sank in the same area. It started sinking on September 23, after getting hit.

Iran insists that the cargo ships hit the sea mines. The shipping companies report that the ships sank from "unknown projectiles".

The US navy is present in the region, but given that the cargo ships continue to sink - the US navy seemingly can't stop Iran from controlling the Strait of Hormuz.

A reminder that the waterway was 100% free for the shipping back in 2025.

#USA #Iran #shipping #crisis