Tugboat Daily Brief - Iran-Israel Conflict - 2026-04-24
Iranian forces seized two cargo vessels and fired on a third in the Strait of Hormuz as retaliation for American seizures, while President Trump extended a unilateral ceasefire and enforced a naval blockade on Kharg Island. Global oil prices dropped to just under one hundred dollars per barrel as markets priced in a prolonged energy squeeze, even as Israeli forces continued targeting infrastructure in Lebanon despite ceasefire terms.
Key Developments
The Islamic Revolutionary Guard Corps seized two cargo vessels and fired on a third in the Strait of Hormuz as retaliation for American…
The skinny
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