World’s Most Critical Oil Route Under Operational Freeze, Missile Strike Reported at Dubai’s Palm Hotel Amid Iran Retaliation

Iran is retaliating across the Middle East, with a missile barrage on its way to Israel, and impacts in the UAE among other places.

There is still no verified confirmation of mines or a physical blockade in the Strait of Hormuz, but the operational impact is real. Markets are now watching closely for signs of Iranian naval movements and whether the U.S. acts on its stated intention to neutralize Iranian maritime capabilities.

An EU Aspides states that vessels have been receiving VHF transmissions from Iran’s Revolutionary Guards stating that no ship is allowed to pass the Strait of Hormuz.

Reports suggest that larger vessels have effectively stopped transiting the Strait of Hormuz. A few tankers still transiting, but majority has stopped before reaching it, or U-turn.

Two verified videos show a direct hit at the "Palm Hotel & Resort" in Dubai.

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