Energy Markets Surge as Iran Mines Strait of Hormuz; Trump Calls for International Escorts

Global energy markets experienced significant volatility over the last 24 hours following Iranian attempts to mine the Strait of Hormuz. The escalation has placed approximately 2% of the global oil supply at risk, specifically affecting exports from Kharg Island. In response, President Trump has urged affected nations, including China, to provide warship escorts for tankers while pledging to intensify U.S. bombing campaigns against Iranian coastal positions and naval vessels. The diplomatic fallout is spreading as regional allies and international blocs react to the heightened tension. Qatar's Foreign Ministry warned that a prolonged conflict would have a 'profound impact' on the global energy industry, particularly as strikes have been reported near major U.S. military installations in the territory. Meanwhile, the BRICS nations remain divided; a virtual meeting hosted by India failed to produce a unified stance due to the conflicting interests of member states. Inside Iran, the new Supreme Leader Mojtaba Khamenei made a rare and defiant public appearance. Despite recent reports of potential injury, his message vowed to continue military operations against U.S. and allied interests. Domestically, the Trump administration faced criticism from former National Security Advisor John Bolton, who argued that current strategic planning for the ongoing hostilities remains inadequate.