U.S. Navy Disables Two Iranian Tankers in Strait of Hormuz; Brent Breaks $104

F/A-18 carrier aircraft from USS George H.W. Bush struck the smokestacks of M/T Sea Star III and M/T Sevda with precision munitions, blocking a blockade breach. The U.S. military simultaneously struck Bandar Abbas and Khesm port facilities. On May 8, Brent traded between $100.53 and $104.07 per barrel, rising $3.62 from the previous close. While Trump asserts the ceasefire remains valid, Lloyd's List classified the strait as effectively closed.