Iran's Islamic Revolutionary Guard Corps has tightened its grip on the Strait of Hormuz once again, targeting commercial ships as the nuclear agreement between Iran and the US fell apart this week. The US currently has three aircraft carrier strike groups stationed in the Persian Gulf, marking the largest American naval deployment in the area in years. Following Israeli airstrikes in Beirut, Iran halted nuclear negotiations, with the likelihood of a deal dropping to seven percent by June 10. The US naval blockade is imposing an estimated daily cost of five hundred million dollars on Tehran. American fuel prices are facing renewed upward pressure. Mediated talks involving Pakistan have reached a standstill.
