Iran-US Conflict Escalates: Strait of Hormuz Traffic Plunges, Iran Demands Cut of Witkoff-Kushner Profits

For the fifth straight day, the US targeted Iran, focusing on a sanctioned oil tanker near Kharg Island and broadening its operations beyond the Strait of Hormuz. In response, Iran launched attacks on American bases in Kuwait and Jordan, with Jordan successfully intercepting eight missiles. According to RBC Capital Markets, oil shipments through the Strait decreased from 4.6 million barrels to 3.9 million. Iran has threatened to strike regional infrastructure if the US continues to target civilian areas. The US Central Command executed strikes on command centers and air defense installations. Additionally, Iran accused US negotiators Witkoff and Kushner of earning $9 billion from negotiation intelligence. The IEA cautioned about potential global economic threats if the situation continues.