On September 5, 2026, the Islamic Revolutionary Guard Corps Navy fired ballistic missiles at two US Navy warships patrolling the Strait of Hormuz. The missiles missed their targets and no American personnel were harmed. The United States retaliated by striking three Iranian crude oil tankers, the M/T Downy, the M/T Stark 1, and the M/T Kylo, all linked to IRGC operations and Iran’s crude oil export network. This exchange is the latest in a series of reciprocal strikes between US and IRGC forces dating back to spring 2026. The Strait of Hormuz, roughly 21 miles wide at its narrowest point, serves as a passage for a massive share of the world’s seaborne oil trade, and insurance premiums for vessels transiting the area have been climbing throughout 2026.
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