A U.S. officials says that U.S. forces have struck Iranian rocket launchers on the Strait of Hormuz in the first military action in a month.

Iran’s IRGC claims to have “decisive control” over the Strait of Hormuz and says ships must coordinate with Iranian authorities to pass. Iran’s Supreme Leader Mojtaba Khamenei issues a statement saying any act that harms “social cohesion” is banned.

Crude oil prices hovered near $82 Thursday despite a second commercial vessel incurring an attack in the Strait of Hormuz as Tehran and Oman work towards a deal to establish fees in the waterway

Nearly half a year into the US-Iran war, global oil stockpiles are rapidly diminishing as traffic through the Strait of Hormuz remains effectively stalled and the two powers at the center of the hostilities argue about who controls the critical waterway.

Oil prices rose after fresh fighting erupted in the Strait of Hormuz, as the US struck Iranian rocket launchers and Tehran targeted forces in Jordan.

Iran is increasingly losing the leverage it gained by disrupting shipping through the Strait of Hormuz, as renewed US military pressure and

Iran is finalizing a deal with Oman on new shipping routes through the Strait of Hormuz, but an agreement between the two coastal nations would not by itself reopen the waterway as US President Donald Trump hopes.

Cooper explained that over the past few months, US forces, including Navy divers, Navy SEALs and air power from the Army, Navy, Air Force and Marine Corps., “meticulously and quietly cleared” the