Iranian Tanker Attacked Near Hormuz

Nearly 40 million barrels of Iranian crude, about 20 very large crude carriers’ worth, are sitting on tankers near Malaysia and east of Singapore, beyond the U.S. warships enforcing a blockade at the mouth of the Persian Gulf. The offshore stockpile gives Tehran oil already outside the Strait of Hormuz that could still be sold as President Trump vows “zero leakage” under new sanctions. An oil tanker was attacked and disabled near the Strait while using a U.S.-protected route. Iran has threatened retaliation as debate inside Tehran intensifies over whether Hormuz remains a reliable pressure point.