Maintenance in progress

us-israeli airstrikes struck kharg island, iran's dominant oil export terminal, while a strait of hormuz demining plan began circulating among us allies timed to iran's leadership transition following khamenei's death. iran launched drone and missile attacks on bahrain and kuwait and issued explicit warnings that any challenge to its control of the strait would escalate tensions. this is structurally significant because the strait carries roughly 20% of global seaborne oil and is now simultaneously the target of military strikes, diplomatic renegotiation, and explicit iranian red-line declarations within the same week.

us and regional english-language reporting, gulf state and energy trade sources