[US-Israel, Iran War Day #199] Hormuz Traffic Remains Below Recent Average, Oil Rises Above $108

In Brief…

• Oil rose above $108 as attacks on Saudi infrastructure and Persian Gulf shipping deepened supply concerns.
• Iranian state media affiliated with the IRGC denied reports that members of the force had been trapped in tunnels in the Ali al-Taher area of southern Lebanon following Israeli strikes.
• The IRGC said on Monday that it had “detected and destroyed” an MQ-1 drone over the Strait of Hormuz.
• Oman postponed a planned meeting between Iran and Persian Gulf states on a Strait of Hormuz proposal.

This is a developing story that HO1 will continue to monitor.
Check back for updates.

[UPDATE] EXPLAINER: Why the Bab el-Mandeb Strait matters