Anonymousabout 18 hours ago
On May 7, 2026, US and Iranian forces exchanged fire in the Strait of Hormuz after Iranian missiles, drones, and fast attack boats targeted three US destroyers — reigniting hostilities that have kept the world's most critical oil chokepoint largely closed since late February. With WTI crude surging past $109 per barrel (up 87.6% year-over-year), the disruption has removed roughly 10–11 million barrels per day from global supply, triggering cascading effects across airlines, agriculture, and developing economies while raising unresolved questions about legal authority and escalation risk.