Iran Missile Attacks, Strait of Hormuz Blockade
Analysis based on 13 articles · First reported Apr 02, 2026 · Last updated Apr 02, 2026
The ongoing conflict and Iran's blockade of the Strait of Hormuz have caused Brent Crude prices to surge by nearly 50%, leading to broader economic problems worldwide and stock market jitters. Donald Trump's statements about winding down the war and encouraging other nations to secure the Strait of Hormuz themselves add uncertainty to global energy markets.
Iran has launched new missile attacks targeting Israel and Gulf Arab states, including Dubai and Bahrain, in response to US President Donald Trump's address on the Middle East war. Tehran rejects Washington's ceasefire outreach and continues to maintain its grip on the Strait of Hormuz, a critical waterway for global oil and natural gas trade. This blockade and repeated attacks on Gulf Arab energy infrastructure have sent Brent Crude prices skyrocketing by nearly 50% since February 28, causing widespread economic problems and stock market jitters. The United Kingdom is leading a diplomatic effort with 35 countries, including G7 members (excluding the United States), the United Arab Emirates, and Bahrain, to discuss measures to reopen the Strait of Hormuz. Donald Trump, while threatening further strikes on Iran, has also suggested that the US's core strategic objectives are nearing completion and has encouraged other nations to take responsibility for securing the Strait of Hormuz. The conflict has resulted in significant casualties in Iran, Israel, Gulf states, the occupied West Bank, Lebanon, and among US service members.
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