On Saturday, two Iranian gunboats from the Islamic Revolutionary Guard Corps fired upon a tanker in the Strait of Hormuz, approximately 37 kilometers northeast of Oman. The UK Maritime Trade Operations Centre reported that the crew is safe and the incident is under investigation. This escalation follows Iran's recent decision to reimpose restrictions on the strait, a critical maritime route that carries about 20% of the world's oil supply. Iran's military command stated that control over the strait has returned to a state of strict management and will remain in place as long as the U.S. blockade of Iranian ports continues. U.S. President Donald Trump reaffirmed that the blockade would remain until a comprehensive deal, including discussions on Iran's nuclear program, is reached. The ongoing tensions in the region have implications for global oil prices and supply chains.