- U.S. Defense Secretary Pete Hegseth confirmed that thirty-four non-Iranian vessels have been turned back from the Strait of Hormuz as of Friday morning.
- The U.S. Navy has been ordered to shoot and kill any Iranian boats attempting to lay mines in the waterway to maintain what President Trump calls total control.
- Global shipping costs have surged with some businesses paying up to four million dollars to reroute vessels through the Panama Canal due to the effective closure of the strait.
- The Pentagon estimates that clearing the waterway of existing sea mines could take up to six months despite the ongoing U.S. led Operation Epic Fury.
- Market reactions include a slight increase in oil futures and a rise in war-risk insurance premiums for ships transiting the region.
Defense Secretary Hegseth reports thirty-four ships turned away from Strait of Hormuz amid blockade
Apr 24, 2026, 12:15:56 PM UTC(1 day ago)
Impact: Very High
Affected Assets
Sources
From:@DeItaone
HEGSETH: 34 SHIPS HAVE BEEN TURNED AROUND FROM STRAIT OF HORMUZ SO FAR
