Iran fires missiles at ships in Strait of Hormuz
Get the Geopolitics newsletter
Daily geopolitics — wars, elections, sanctions, the diplomatic moves that move markets. Free.
- Iran's military fired at least two missiles at commercial ships transiting the Strait of Hormuz on Monday night, according to two U.S. officials who briefed Axios.
- The strikes threaten to unravel a memorandum of understanding signed less than three weeks ago in which Iran had agreed to halt attacks on commercial shipping in the strait.
Why it matters: A three-week-old MOU under which Iran pledged to halt shipping attacks is already collapsing after at least two missiles were fired at commercial vessels in a single night. For Gulf shipping operators, oil markets, and U.S. diplomacy, the brief ceasefire in the world's most critical energy chokepoint appears to no longer hold.
