Overview

• Israel and Iran have continued exchanging missiles for five days, with Iran threatening to shut the Strait of Hormuz.
• A collision involving three vessels 22 nautical miles east of Khor Fakkan led to the rescue of 24 crew members, with authorities declaring the incident non-security-related.
• The Combined Maritime Forces reported intensified electronic interference with ship navigation systems around the strait, complicating commercial transit.
• Carriers are rerouting via the Cape of Good Hope, causing a modest decline in Hormuz transits, with freight rates rising alongside insurance premiums.
• Analysts warn that closure of the strait could send oil prices toward $100 per barrel, jeopardizing energy security in Asia where economies like India depend on the route.