U.S. Military Conducts New Strikes Following Iran's Actions Against Tankers

Why it matters locally: Texas, as the leading oil and gas producing state in the U.S., is particularly sensitive to disruptions in global oil supply and price fluctuations that could result from increased tensions in the Strait of Hormuz and restrictions on Iranian oil sales.

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The United States military initiated new strikes against Iran. These military actions occurred after Iran attacked three commercial vessels. The vessels were transiting through the Strait of Hormuz when the incidents took place. Simultaneously, the Trump administration revoked a key waiver. This waiver had previously permitted the sale of Iranian oil. Geoff Bennett and maritime security expert Ian Ralby discussed the potential effects these developments could have on the global oil supply.