Iran’s ‘golden weapon’ of Strait of Hormuz became a greater priority than its nuclear program — here’s how
Vessels at the Strait of Hormuz, as seen from Musandam, Oman, on June 18, 2026
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Summary
Brent crude, the international standard, climbed close to $79 per barrel, its highest level since June 19. The last time the inventory was that low was in 1983, when the reserve was initially being filled up. “Unfortunately, the drawdown of strategic stocks means that there is a lot less ammunition in Trump’s holster,” said Michael Lynch, a distinguished fellow at Energy Policy Research Institute in Amherst, Massachusetts. 5, 2019, by the Atomic Energy Organization of Iran shows centrifuge machines in the Natanz uranium enrichment facility in central Iran.
Furthermore, President Donald Trump speaks at a press conference during the 2026 NATO Leaders Summit at the Beştepe Presidential Compound on July 8, 2026 in Ankara, Turkey. In response, the Islamic Revolution Guards Corps (IRGC) said it had targeted 85 US military sites in Bahrain and Kuwait with missiles and drones, describing the operation as an "initial response" to the US aggression against Iranian territory. Even without further disruption, volatility is here to stay for energy markets.
In addition, US has no choice but to recognize 'new order' in Hormuz: MP. Oil surges as Strait of Hormuz is back into ‘full conflict conditions’.
Cross-referenced from 5 sources.
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Brent crude, the international standard, climbed close to $79 per barrel, its highest level since June 19.
according to The Independent — WorldThe last time the inventory was that low was in 1983, when the reserve was initially being filled up. “Unfortunately, the drawdown of strategic stocks means that there is a lot less ammunition in Trump’s holster,” said Michael Lynch, a distinguished fellow at Energy Policy Research Institute in Amherst, Massachusetts.
according to The Independent — World5, 2019, by the Atomic Energy Organization of Iran shows centrifuge machines in the Natanz uranium enrichment facility in central Iran.
according to New York PostPresident Donald Trump speaks at a press conference during the 2026 NATO Leaders Summit at the Beştepe Presidential Compound on July 8, 2026 in Ankara, Turkey.
according to New York PostIn response, the Islamic Revolution Guards Corps (IRGC) said it had targeted 85 US military sites in Bahrain and Kuwait with missiles and drones, describing the operation as an "initial response" to the US aggression against Iranian territory.
according to Mehr NewsEven without further disruption, volatility is here to stay for energy markets
according to MarketWatchUS has no choice but to recognize 'new order' in Hormuz: MP.
according to Mehr NewsOil surges as Strait of Hormuz is back into ‘full conflict conditions’.
according to MarketWatch
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