Iran attacks another ship in the straight of Hormuz. US halts Iran oil exports in historic first since 1979

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An oil tanker was hit with a projectile off the coast of Oman in the Strait of Hormuz, according to a report on Tuesday that highlighted the ongoing dangers for shipping companies attempting to use the waterway while Iran holds it in firm control.

The attack came as a high-level delegation from Pakistan, which has been a main mediator between the United States and Iran, was wrapping up meetings in Tehran with the goal of bringing a negotiated end to the nearly six-month old war.

The oil tanker was hit on Monday night a few miles off the east coast of Oman, according to a report Tuesday from the British military’s United Kingdom Maritime Trade Organization.

https://www.gulftoday.ae/news/2026/08/25/ship-disabled-by-attack-in-strait-of-hormuz

Dagen McDowell discusses the unprecedented impact of U.S. sanctions halting Iranian oil exports through the Strait of Hormuz for the first time since the 1979 revolution. As China warns of potential retaliation, McDowell emphasizes that Beijing must choose between accessing the massive American marketplace or backing Iran’s failing economy under Operation Economic Outcast.

https://www.foxbusiness.com/video/6404035121112

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