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U.S. Launches Fifth Consecutive Strike on Iran as Strait of Hormuz Oil Traffic Plunges to 3.9M Barrels/Day

2026-07-16 07:46:35

According to Bloomberg, the U.S. launched its fifth consecutive strike on Iran early Thursday (July 16), targeting military installations and a sanctioned oil tanker near the country's main crude export terminal. Iran responded by firing missiles at U.S. bases in Kuwait and Jordan, with Jordanian authorities intercepting eight of them.

Oil transport through the Strait of Hormuz has significantly declined amid the escalating tensions. Seven-day average throughput fell from 4.6 million barrels per day to 3.9 million barrels per day, according to RBC Capital Markets data.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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