INSIGHTS · GEOPOLITICS

Hormuz Crisis Monitor

DAY 119 / JUNE 26 — Hormuz: ESCALATION — the IMO PAUSED its ~11,000-seafarer evacuation (Jun-25) after an Iran-blamed tanker attack in the Gulf of Oman; ships turn back as the IRGC enforces its Iran-coast route (Azumasan, Blue Star I); a UK/French-led demining force arrives; the next technical round is firmed for Jun-30; Brent holds $73.74 (Jun-24 settle; Jun-25 rebound ~$74.4)