U.S. reportedly escorts 40 oil tankers through Strait of Hormuz

The United States reportedly escorted 40 oil tankers through the Strait of Hormuz while responding to Iranian drone and missile threats, according to CNN.
The operation highlights the continuing security risk surrounding one of the world's most important energy shipping corridors.
Even if escorted vessels continue moving through the strait, persistent military threats can support a geopolitical risk premium in $WTI by raising concerns over shipping disruption, insurance costs and potential escalation.