Iran live updates: Iran commander says Strait of Hormuz closed, vows to hit ships trying to pass, report says

According to a Reuters report citing Iranian media, the Revolutionary Guards commander said that the Strait of Hormuz was closed and that Iran will set any ship trying to pass on fire.

cnbc.com - US iran live updates trump oil gold

We old phartz remember everyone twitching about Iran's inventory of "Silkworm" anti-ship missiles, in the 80s. They have more advanced models now. But, if the objective is to simply set a ship on fire, like the one they lit up a couple days ago, their cheap little, propeller driven, drones, would be a real menace. iirc, Iran also has remote control "suicide" boats, similar to those used by Ukraine, that could be a real nuisance too. The point has already been made: the insurance companies have run for cover, sending the risk assessment for shipping firms off the chart.

Gas Prices Surge as Qatar Shuts World’s Largest LNG Export Plant

(Bloomberg) -- Qatar shut LNG production at the world’s largest export facility after it was targeted in an Iranian drone attack, sending European gas prices surging as much as 54%.

QatarEnergy’s Ras Laffan plant covers about a fifth of global liquefied natural gas supply, and the unprecedented halt now threatens energy security and rattled global markets.

finance.yahoo.com - Gas prices surge qatar shuts

This would all be very good news for US suppliers, except the US has shattered it's reputation for reliability. Now, customers will never know if their supply from the US will be cut off, on a moment's notice, due to another demand by Trump the Most Perfect and Magnificent.

Steve