An oil tanker reportedly exploded after deviating from Iran's designated shipping route. This incident occurred amid ongoing diplomatic progress between Iran and Oman. Regional sources indicated that US bombings in the area were intentionally paused. Military leaders cautioned against a broader campaign due to depleting missile interceptors. Iranian forces had previously intercepted commercial ships navigating an unsafe route.

Foreign Ministry spokesman reports progress in talks with Oman over mechanisms for maritime traffic in key waterway.

Tanker explodes in Strait of Hormuz after hitting a naval mine. WTI reaching $110 in July 2026 at 1.1% YES.