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Geo-Political

US CENTCOM: Latest strikes hit Iran’s military command centres and air defense systems

The US Central Command (CENTCOM) announced via a post on the social media platform, X, that they completed the latest strikes at 1AM GMT Tuesday.

Key quotes

US forces struck Iranian military command centers, maritime capabilities, missile and drone launch sites, and air defense systems to degrade Iran’s ability to continue attacking commercial vessels flowing through the Strait of Hormuz.

Commercial vessel transits through the vital international maritime corridor continue. Since early May, CENTCOM forces have helped facilitate the transit of approximately 900 commercial vessels and 450 million barrels of crude oil.

American forces remain postured and prepared to hold Iran accountable for unwarranted aggression toward civilian mariners seeking to freely and openly transit the strait.

Meanwhile, IRNA reported a statement by the Iranian Islamic Revolutionary Guard Corps (IRGC), citing that “two non-compliant oil tankers attempting to pass through the unsafe southern route of the Strait of Hormuz were stopped after explosions caused extensive fires aboard them.”

Market implications

Oil is unperturbed by these geopolitical headlines, with WTI extending the previous pullback below $82, down 0.44% on the day at the time of writing.

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