23-06-2025

Hormuz tensions after US strikes on Iran

Date: 23-06-2025
Sources: bbc.com: 1 | cbsnews.com: 1 | cnbc.com: 2 | edition.cnn.com: 2 | foxnews.com: 1 | france24.com: 1 | news.sky.com: 1 | nypost.com: 1 | nytimes.com: 1 | scmp.com: 4
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Source: cbsnews.com

Image content: This is an infographic about the Strait of Hormuz, showing its location between the Persian Gulf and the Arabian Sea and its role in global energy shipping. It highlights that about 30% of global seaborne oil and 20% of LNG pass through, with 20.3 million barrels of oil and 290 million cubic meters of LNG transported daily in 2024, mostly to Asia. It also notes Saudi Arabia as the largest oil exporter via the strait and Qatar as the leader in LNG.

Summary

A U.S. strike on multiple Iranian nuclear sites sharply escalated the Israel-Iran standoff and sparked global fears that Tehran could retaliate by disrupting the Strait of Hormuz, a chokepoint carrying about a fifth of the world’s oil and significant LNG flows. Oil prices jumped and the dollar briefly strengthened on safe‑haven demand, though analysts expect the currency move to fade. Washington insists it is not seeking war or regime change and urged China—Iran’s top oil customer—to press Tehran to keep the strait open, while Beijing condemned the strikes and called for de‑escalation at the UN. Markets and policymakers are bracing for Iran’s next steps, with scenarios ranging from limited asymmetric retaliation to attempted shipping disruption; a blockade could push oil toward $100+, hit Asian economies hardest, and rekindle global inflation risks.

Key Points

  • U.S. bombed Iranian nuclear facilities, prompting Iranian vows of retaliation and global concern over Hormuz disruption.
  • The Strait of Hormuz handles ~20% of global oil and notable LNG; closure risks severe energy shocks, especially for Asia.
  • Oil prices jumped; the dollar’s safe‑haven bounce may be short‑lived amid structural U.S. headwinds.
  • U.S. pressed China to deter Iran from closing Hormuz; Beijing condemned the strikes and urged a ceasefire.
  • A blockade could trigger broad international response, price spikes, and complicate inflation and central bank paths.

Articles in this Cluster

US asks China to stop Iran from closing Strait of HormuzBritish Broadcasting CorporationBritish Broadcasting Corporation

The US urged China to use its influence with Iran to keep the Strait of Hormuz open after reports Iran’s parliament backed a plan to close it, pending a security council decision. Secretary of State Marco Rubio warned closure would be “economic suicide” for Iran and spike global oil prices, noting China is the largest buyer of Iranian oil. About 20% of global oil flows through the strait; prices briefly rose after US strikes on Iranian nuclear sites. Analysts say Iran would risk alienating Gulf neighbors and China by disrupting the route. China criticized the US strikes and called for restraint and a ceasefire.
Entities: United States, China, Iran, Strait of Hormuz, Marco RubioTone: analyticalSentiment: neutralIntent: inform

Strait of Hormuz could be vulnerable to Iran retaliation. Here's what to know about the vital oil trade route. - CBS News

The U.S. struck three Iranian nuclear facilities, raising fears Iran could retaliate by disrupting the Strait of Hormuz, a 21-mile-wide chokepoint linking the Persian Gulf to global markets. The strait carries about 20 million barrels of oil per day—over a quarter of global maritime oil trade—and roughly one-fifth of global LNG, mainly from Qatar. While Saudi Arabia and the UAE have limited pipeline alternatives, major importers like China, India, Japan, and South Korea would be most affected by a blockade; the U.S. is less exposed directly but global prices would likely rise. U.S. officials warned that any Iranian move to block the strait—potentially via naval mines—would trigger broad international backlash, with the U.S. 5th Fleet committed to keeping it open.
Entities: Strait of Hormuz, Iran, United States, U.S. 5th Fleet, Persian GulfTone: analyticalSentiment: neutralIntent: inform

Dollar surge could be short-lived after U.S. strike on IranStock Chart Icon

The U.S. dollar rose about 0.4–0.45% on safe-haven flows after U.S. strikes on Iran, but major banks expect the strength to be fleeting. Analysts say the rally masks deeper headwinds: U.S. fiscal deficits, tariff risks (including potential steep EU tariffs), and weakening foreign demand for U.S. assets, reflected in an 8% dollar index drop year-to-date. While fears center on potential disruption in the Strait of Hormuz, RBC argues Iran may pursue asymmetric, targeted actions rather than a full closure, and others expect pressure from allies like China to keep oil flowing. Notably, U.S. Treasurys showed a muted safe-haven response, with concerns that larger supply and trade deficits could weigh on them. Positioning also skews bearish: investors are heavily short the dollar, which could accelerate any downturn once crisis effects fade.
Entities: U.S. dollar, Iran, Strait of Hormuz, RBC, U.S. TreasurysTone: analyticalSentiment: neutralIntent: analyze

How the Israel-Iran standoff took a turn and what's next after a pivotal 24 hoursStock Chart IconStock Chart Icon

In a major escalation of the Israel-Iran conflict, the U.S. conducted its first direct strikes on Iran, hitting the Fordo, Natanz, and Isfahan nuclear sites with B-2 bombers and submarine-launched weapons. President Trump called the attack “very successful” and urged peace, while U.S. officials said regime change is not the goal—though Trump hinted at it. The IAEA confirmed hits with no off-site radiation increase and will convene an emergency board meeting. The UN Security Council met as China, Russia, and Pakistan pushed for an immediate ceasefire; China condemned the U.S. strikes. Iran denounced the attacks, vowed “everlasting consequences,” and said it will continue uranium enrichment. Its parliament voted to close the Strait of Hormuz, a critical oil chokepoint, but the final decision rests with Iran’s national security council; the strait remains open. Oil prices rose above $79 for Brent and $74 for WTI, with analysts warning of a possible move toward $100 if the strait is closed and conflict widens. Markets and policymakers are bracing for Iran’s next steps: limited retaliation could calm markets, while strikes on U.S. targets could trigger further escalation. China, Iran’s top oil customer, is being urged by Washington to dissuade Tehran from closing Hormuz.
Entities: United States, Iran, Israel, Donald Trump, IAEATone: urgentSentiment: negativeIntent: inform

Live updates: Trump claims US ‘obliterated’ Iran nuclear sites; world awaits response from Khamenei | CNNClose icon

The US struck three Iranian nuclear sites, with Donald Trump claiming they were “obliterated,” while assessments of the actual damage are ongoing. Iran and Israel continued heavy exchanges into an 11th day, with Israel hitting targets in Tehran and Kermanshah and Iran launching new missile barrages that triggered nationwide sirens in Israel and temporary power outages in the south. Iranian commanders vowed retaliation against the US, though Supreme Leader Khamenei has not yet responded publicly. Tensions raised concerns over potential closure of the Strait of Hormuz, prompting Chinese calls for de-escalation and pushing oil prices up about 10% amid supply fears. Israel also claimed strikes on multiple Iranian airports and the destruction of aircraft, while emergency crews in Israel responded to missile impacts with no immediate major casualties reported.
Entities: Donald Trump, Iran, Israel, Ayatollah Ali Khamenei, Strait of HormuzTone: urgentSentiment: negativeIntent: inform

What is the Strait of Hormuz and why is it so significant in the Israel-Iran conflict? | CNN BusinessClose icon

The Strait of Hormuz, a narrow chokepoint between the Persian Gulf and Gulf of Oman, is vital to global energy flows, carrying about 20 million barrels of oil daily—around 20% of world supply—and most exports headed to Asia. Tensions after Israeli and US strikes on Iran have driven oil price volatility amid fears Tehran could disrupt or close the strait, which Iran borders and could threaten with its leverage over shipping lanes only about two miles wide each way. Analysts say a closure could push prices toward $100 and hit Asian economies hardest, though some view the risk as low given US naval presence and Iran’s economic incentives to avoid escalation. China and India emphasized the need for regional stability, with India noting diversified supplies. Oil prices initially spiked above $80 but later eased as markets awaited Iran’s response.
Entities: Strait of Hormuz, Iran, Israel, United States, Persian GulfTone: analyticalSentiment: neutralIntent: inform

Israeli president calls US strikes on Iranian nuclear sites 'the right step' | Fox News

Israeli President Isaac Herzog said Israel is not dragging the U.S. into war after Washington struck three Iranian nuclear sites, calling the action “the right step” for American and global security given Iran’s nuclear threat. He emphasized the decision was about U.S. national security and urged a turn to “nuts and bolts” diplomacy, warning that past talks failed due to Iranian deceit. U.S. Secretary of State Marco Rubio similarly said the U.S. is not at war with Iran and that regime change is not the goal, keeping a diplomatic path open.
Entities: Isaac Herzog, United States, Iran, Iranian nuclear sites, Marco RubioTone: analyticalSentiment: neutralIntent: inform

Israel-Iran war live: Conflict intensifies as Israel, Iran trade military blows

Fighting between Israel and Iran escalated for an 11th day, with Israel reportedly striking Iran’s Fordo nuclear site and Iran launching missile barrages that triggered sirens across Israel. The U.S. carried out strikes on Iranian nuclear facilities; President Trump claimed “monumental” underground damage, though officials cautioned assessments were ongoing. Australia backed the U.S. action while urging de-escalation. U.S. Secretary of State Marco Rubio pressed China to help deter any Iranian move to close the Strait of Hormuz, warning of global economic fallout. North Korea condemned the U.S. strikes as a UN Charter violation. Iran executed a man accused of spying for Israel. The White House planned a meeting to review strike results.
Entities: Israel, Iran, Fordo nuclear site, United States, Donald TrumpTone: urgentSentiment: negativeIntent: inform

Iran has little choice but to retaliate against US - as Russia faces urgent decision on how to back Tehran | World News | Sky News

Donald Trump’s US strikes on Iran’s key nuclear sites (Fordow, Natanz, and facilities near Isfahan) have severely degraded Tehran’s enrichment capabilities and left Iran under pressure to retaliate directly against American targets. While US defenses in the region are reinforced, Iran could target softer assets (embassies, allied forces) or disrupt shipping via the Strait of Hormuz. The escalation puts Russia and China—part of an increasingly aligned bloc with Iran and North Korea—under urgent pressure to decide how to support Tehran. Moscow, already stretched by the war in Ukraine and lacking a formal mutual-defense pact with Iran, condemned the strikes as a dangerous escalation but must weigh its response amid Trump’s unusually close ties to Putin. Analysts warn military action alone is unlikely to end Iran’s nuclear ambitions and could accelerate them. The situation risks widening into a regional or even global conflict, depending on how Iran and its allies respond.
Entities: Iran, United States, Donald Trump, Fordow, NatanzTone: analyticalSentiment: negativeIntent: inform

Iran issues stark warning to Trump 'the gambler': We will end this war

Iran warned the U.S. after strikes on its nuclear sites, calling President Trump a “gambler” and vowing to “end” any war. Following U.S. attacks using bunker-busters and Tomahawks on three facilities—reportedly heavily damaging Fordow—Trump boasted of “monumental” underground damage and urged Iran not to retaliate. Iran fired missiles at Israel, causing injuries and damage in Tel Aviv, but has so far avoided hitting U.S. bases or closing the Strait of Hormuz, moves that could spike global oil prices and risk wider conflict. The IAEA reported no off-site radiation increases and said underground damage assessment remains pending. Oil prices rose to their highest since January amid escalation fears.
Entities: Iran, Donald Trump, United States, Fordow nuclear facility, IAEATone: urgentSentiment: negativeIntent: inform

Trump Confronts Potential for High Oil Prices After Iran Strikes - The New York Times

After U.S. strikes on Iranian nuclear sites and Iran’s retaliatory missile attacks, President Trump sought to manage potential oil price spikes, urging increased domestic drilling and warning companies to keep prices down. Markets initially steadied, but risks remain if Iran disrupts the Strait of Hormuz, a key energy chokepoint. Economists warn higher energy costs, combined with Trump’s planned revival of broad tariffs on July 9, could squeeze consumers and reignite inflation. The Fed kept rates unchanged, citing uncertainty, while the administration signaled it may take executive steps to stabilize prices. Analysts note global growth could dip if supply is disrupted, with particular vulnerability for countries like China reliant on Gulf oil.
Entities: Donald Trump, Iran, Strait of Hormuz, Federal Reserve, oil pricesTone: analyticalSentiment: neutralIntent: inform

China hits out at US and Israel, calls for de-escalation of conflict with Iran | South China Morning Post

China condemned the U.S. and Israel at an emergency UN Security Council meeting, urging de-escalation with Iran, protection of civilians, and adherence to international law after a U.S. strike on Iranian nuclear sites using bunker-buster bombs. China’s UN ambassador Fu Cong accused Washington of violating Iran’s sovereignty, heightening Middle East tensions, and undermining the nuclear non-proliferation regime. Council statements split along geopolitical lines, with China and Russia backing Iran and the U.S. and allies supporting Israel.
Entities: China, United States, Israel, Iran, United Nations Security CouncilTone: analyticalSentiment: negativeIntent: warn

Explainer | Why the Strait of Hormuz matters – and what a blockade could mean for China, the world | South China Morning Post

The Strait of Hormuz is a 33km-wide chokepoint linking the Persian Gulf to the Gulf of Oman that carries about 20% of global oil and gas flows. Iran’s parliament has backed a measure to close it after US strikes on Iranian nuclear sites, though the final call rests with Iran’s top leadership. Any blockade would severely disrupt global energy markets, with Asia most exposed: in 2024, roughly 84% of crude/condensate and 83% of LNG passing through went to Asia. China, India, Japan, and South Korea together took 69% of crude/condensate flows via the strait. China, the world’s largest oil importer, sources about half its oil from the Middle East, making it especially vulnerable to price spikes and supply shocks if transit is blocked.
Entities: Strait of Hormuz, Iran, United States, Persian Gulf, Gulf of OmanTone: analyticalSentiment: neutralIntent: inform

Have Trump’s Iran strikes given China a strategic advantage? | South China Morning Post

Analysts say the US strikes on Iran could deepen Washington’s Middle East involvement, diverting strategic focus and resources from the Indo-Pacific and easing pressure on China. The heightened risk to energy routes like the Strait of Hormuz may also intensify US urgency to secure critical minerals—especially rare earths—where China holds leverage. This could push forward stalled US-China trade talks and strengthen Beijing’s negotiating position on resource supply chains amid broader tariff and trade tensions.
Entities: United States, Iran, China, Indo-Pacific, Strait of HormuzTone: analyticalSentiment: neutralIntent: analyze

Trump’s strikes, Iran’s Strait of Hormuz threat fuel global economy fears: analysts | South China Morning Post

Analysts warn the Israel-Iran escalation—after President Trump said the US “obliterated” three Iranian nuclear sites and Tehran threatened to target US bases and close the Strait of Hormuz—could boost risk aversion, drive oil prices sharply higher (potentially to $100–120 if Hormuz is shut), stoke US inflation, and complicate Federal Reserve rate-cut plans. While immediate market impact is tempered by a broader oil downtrend, risk premiums are rising. Gold is seen as a key beneficiary of geopolitical shocks, and Chinese assets may be relatively insulated.
Entities: Donald Trump, Iran, Strait of Hormuz, Federal Reserve, oil pricesTone: analyticalSentiment: negativeIntent: inform