The U.S. military seized the Majestic X tanker in the Indian Ocean on April 23rd. The vessel was transporting sanctioned Iranian oil. The Department of Defense released footage of the operation on April 24th.
This action retaliates against Iran’s Revolutionary Guard for capturing two commercial vessels earlier this week. Iranian forces also fired on a third vessel in the Strait of Hormuz. The conflict has effectively blocked a route responsible for nearly 20% of global oil supply.
Brent crude prices surged above $103 per barrel following the escalation. Energy stocks are experiencing significant volatility as peace talks remain stalled. Both nations continue naval enforcement actions in the region.