President Donald Trump labeled Iran’s drone attacks on commercial vessels in the Strait of Hormuz “totally unacceptable,” escalating rhetoric in a confrontation that has already claimed the lives of three Indian sailors and sent shockwaves through global financial markets, including crypto.
What happened in the Strait of Hormuz
In early June 2026, Iranian drones targeted at least three ships navigating the Strait of Hormuz, a narrow waterway through which roughly a fifth of the world’s oil supply passes daily. The attacks marked a significant escalation in Iran’s posture toward commercial shipping in the region.
The US responded with force. On June 11, 2026, a US precision strike hit the Settebello, a Palau-flagged tanker carrying Iranian oil. Three Indian sailors aboard the vessel were killed in the strike.
India summoned diplomats from both the United States and Iran, a rare dual rebuke that underscored just how far the collateral damage had spread.
