US and Israeli strikes on Iran begin. Supreme Leader Ali Khamenei is killed.
Shipping through the strait, which normally carries about a fifth of the world’s oil, comes to a standstill.
A two-week ceasefire. Talks in Islamabad fail, and the US imposes a naval blockade.
A memorandum to end the war is signed. The ceasefire collapses on 8 July.
Brent’s average price in September, up from $71 in February, before the war (US EIA).
Qatar has proposed nuclear steps in return for sanctions relief. Diplomats await Iran’s answer.
