Strait of Hormuz blockade intensifies

The effective closure of the Strait of Hormuz has choked off roughly 20% of the world's oil supply, driving prices above $105 per barrel.

While a ceasefire holds on land between Israel and Lebanon, a tit-for-tat battle is intensifying at sea with multiple tanker seizures reported.

The US Navy is now providing armed cover for commercial vessels, though most shipping traffic has slowed to a crawl.

Analysts warn that clearing the waterway of potential mines could take months, even if a peace deal is reached.