Strait of Hormuz Crisis

Iran rejected Oman's joint oversight proposal (50-50 split, voluntary fees), insisting on full sovereignty and threatening foreign warships. Tanker attacks continue (Dutch tanker, missile strike), shadow fleet active, traffic at crisis lows. US disabled a sanctioned tanker with Hellfire missile. Omani mediation appears stalled. Oil price surge reflects real market fear. US-Iran brinkmanship includes Hormuz control as a key sticking point.