Tugboat Daily Brief - Iran-Israel Conflict - 2026-05-13
Israeli forces conducted major cross-border strikes in Lebanon while Iranian naval forces seized cargo vessels in the Strait of Hormuz amid extended US-Iran ceasefire talks. Global energy markets remained volatile with Brent crude near one hundred dollars as Washington balanced diplomatic efforts with increased military deployment in the Persian Gulf.
Key Developments
Iranian forces seized two cargo vessels and fired upon a third in the Strait of Hormuz despite ongoing ceasefire talks.
Israeli forces executed major cross-border strikes in Lebanon, killing twenty Hezbollah operatives.
The…
The skinny
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