Two oil tankers are attempting to navigate the Strait of Hormuz following a US announcement of a naval blockade. The movement occurs near Iran's Larak island amid escalating regional instability.
- US naval blockade announced for the Strait of Hormuz
- Vessels 'New Future' and 'Auroura' attempting transit
- Activity concentrated south of Larak island
- High risk of immediate global oil price spikes
- Extreme volatility expected in energy and equity markets
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