Iran formalizes Hormuz tolls banning US Israeli and sanctioned vessels. This shock assertion of control over the world’s most vital energy artery risks immediate spikes in shipping insurance, tanker rates, and global energy prices as the US rushes A-10 Warthogs and a third carrier group into the region.

Today’s Rapid Read Covers:

-Iran Parliament approves Hormuz tolls and bans on American Israeli and sanctioned ships

-US deploys A-10 Warthogs and third aircraft carrier group to Hormuz region

-Drone strikes cripple Russian Baltic oil ports slashing export volumes

-Limited tanker traffic resumes through Hormuz amid high tensions

-Israel announces Lebanon occupation plans barring 600000 residents

-Russian oil exports plunge to lowest level since Ukraine invasion

Why This Matters:

-Tanker insurance spreads set to widen fast pushing up global shipping and energy costs

-Russian oil export revenues take another major hit compounding supply tightness

-Allies face jet fuel shortages forcing tough choices on burden sharing and energy security

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