US Eyes Targeting Iran's Hormuz Defenses If No Ceasefire

FXStreetApr 24, 2026 12:23 AM

US military officials are developing new plans to target Iran’s capabilities in the Strait of Hormuz in the event the current ceasefire with Iran fails, CNN reported on Thursday.

According to multiple sources familiar with the matter, the options, among several sets of target types under consideration, include strikes with a particular focus on “dynamic targeting” of Iran’s capabilities around the Strait of Hormuz, southern Arabian Gulf and Gulf of Oman.

Market reaction

At the time of writing, the West Texas Intermediate (WTI) is up 3.80% on the day at $95.45.

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