Four crew killed in a suspected Houthi attack on a cargo vessel in the Red Sea.
US Navy helicopter fired Hellfire missiles at a ship's steering gear in the Gulf of Oman for breaking the Iranian port blockade.
Both sides want compensation from each other, and nobody is budging.
Two chokepoints, ~26% of world oil supply.
Oil price isn't going down anytime soon, is it?
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Iran: Pay up, 5 months of damage.
Trump: Nope. You owe us 50 years of damage.
Cool, so we've gone from ceasefire to a receipt-swapping contest. Oil still elevated with 20% of the world's supply stuck behind a strait both sides claim to control. Nobody's winning this except whoever sells tanker insurance.
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