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economicAug 10, 2026

Iran weaponises Strait of Hormuz: Trump's big dilemma, India's oil nightmare and what happens next

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Iran weaponises Strait of Hormuz: Trump's big dilemma, India's oil nightmare and what happens next

Source: currentsapi-backfill — Read the full report

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  • currentsapi-backfill(Mixed)By Pramode Mallik

    EXPLAINER Will President Donald Trump blink first to come out of the ongoing US-Iran war? If he continues to stick to his demands on the Strait of Hormuz, how may it impact the world economy, including that of India? Explained here. After more than five months of war and the now-…

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Iranian state media reported blasts in Qeshm Island, Jask, Sirik, and Bandar Abbas. The UAE stated it rescued 22 people from a cargo ship that caught fire after Iran’s IRGC reported two oil tankers struck mines in the Strait of Hormuz. The US announced a plan to block Iran’s land-based supply routes, expanding its naval blockade on Iranian ports.

Location: UAE
economicUnverifiedUSIsraelIran
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Iran’s Islamic Revolutionary Guard Corps Navy reported late Saturday that two oil tankers were burning after striking naval mines in and near the Strait of Hormuz. The IRGC stated that the vessels had switched off their navigation and positioning systems and attempted to use an unauthorized route.

The group accused both ships of multiple violations, specifying that one was hit east of the strait and the other inside it.

Location: Strait of Hormuz