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US Airstrikes on Iran Escalate Hormuz Tensions, Disrupting Asian Energy Flows

Middle East · Geopolitics · Jul 07, 2026

US airstrikes on Iran on July 7, 2026, followed Iranian attacks on vessels in the Strait of Hormuz, intensifying geopolitical risks. This has kept tanker transit below pre-war levels and elevated war risk insurance, directly impacting crude oil and LNG supplies to Asian markets.