US CENTCOM says it has completed 11th night of strikes on Iran

The United States Central Command (CENTCOM) said that it completed another night of attacks that targeted “military operations centers, maritime capabilities, aircraft hangars, drone storage facilities, and military logistics infrastructure to further degrade Iran’s ability to threaten commercial shipping in the Strait of Hormuz,” Reuters reported on Wednesday. 

“Over the past three months, Iran has attacked more than 30 commercial vessels transiting the international waterway vital for regional and global trade,” according to a statement from CENTCOM. “The unwarranted attacks have endangered hundreds of innocent mariners and undermined freedom of navigation,” the US military added. 

CENTCOM insists that the critical waterway remains open to commercial shipping despite these attacks, touting the number of vessels and barrels of oil that have transited the Strait of Hormuz since early May.

Market reaction

Crude oil prices attract some buyers from these headlines. At the time of writing, the West Texas Intermediate (WTI) is up 1.10% on the day at $85.13.