Ships in Strait of Hormuz Turn Back
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Analysts warn shipping risks through the conduit are at their highest level yet after this weekend's vessel strike and U.S. seizure of an Iranian-linked ship.
Iran says it has reverted to "strict" conditions in the Strait of Hormuz, just one day after announcing the reopening of the waterway.
Few vessels are crossing after Iran reversed course on reopening the vital waterway and ships came under attack.
Two Navy guided-missile destroyers entered the Strait of Hormuz on Saturday, the first American warships to transit the strait since the U.S.-Israel offensive in Iran began on Feb. 28. USS Frank E. Peterson (DDG-121) and USS Michael Murphy (DDG-112) are now in the Persian Gulf after transiting the strait as part of the U.
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Crude oil prices surged Sunday, as the U.S. and Iran teetered on the brink of a renewed war after attacks on commercial ships in the Strait of Hormuz.