FINWIRES · TerminalLIVE
FINWIRES

US-Iran Standoff Deepens as Tankers Disabled Near Hormuz

By

-- US forces fired on and disabled two Iranian oil tankers on Friday after exchanging fire with Iranian forces in the Strait of Hormuz overnight, as Tehran seized a tanker alleging that it disrupted Iranian oil exports.

The Central Command said that US Navy aircraft struck the M/T Sea Star III and M/T Sevda before the vessels entered an Iranian port on the Gulf of Oman in violation of what it described as an ongoing US maritime blockade.

The US military also said it disabled another Iranian-flagged tanker, the M/T Hasna, on Wednesday after a fighter jet struck the vessel's rudder.

"There are currently more than 70 tankers that US forces are preventing from entering or leaving Iranian ports," Centcom said in a statement on X, adding that the vessels have the capacity to transport over 166 million barrels of crude worth about $13 billion.

According to the Hormuz Strait Monitor's data on Friday, tanker spot rates for Very Large Crude Carriers are currently about 460% higher than pre-crisis levels, while daily throughput, measured in deadweight tons, has reduced to about 5% of the normal.

On Thursday, the US military said that its three navy destroyers came under attack from Iranian missiles, drones and small boats while transiting the Hormuz.

Meanwhile, Iranian authorities said the Iranian Navy had seized an oil tanker, Ocean Koi, in the Gulf of Oman over what Tehran described as maritime violations and attempts to disrupt Iranian oil exports.

"The tanker had sought to exploit the ongoing situation in the region in a bid to damage and disrupt the export of oil and the interests of the Iranian nation," according to an Iranian Navy statement carried by local media.

Iran's naval commandos escorted the tanker to the southern coast of the country and handed it over to judicial authorities.

The developments have cast more doubt on a fragile US-Iran ceasefire that President Trump insisted is still in effect, as Washington awaits the Iranian response to its latest proposal for a deal to end the Middle East conflict.

Iranian media, citing an unnamed military source, said clashes in the Strait had stopped "for now" but warned fighting could resume if US forces interfered with Iranian vessels again.

The UAE's Defense Ministry, meanwhile, said three people were wounded on Friday after air defenses engaged two ballistic missiles and three drones launched by Iran.

Related Articles

Research

Research Alert: CFRA Keeps Buy Rating On Shares Of Paycom Software, Inc.

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We raise our target by $19 to $150, 12.3x our 2027 EPS estimate, significantly below PAYC's three-year historical forward P/E average of 24.9x. We lift our 2026 EPS view by $0.53 to $10.73 and 2027's EPS view by $0.95 to $12.23. PAYC conservative 2026 guidance, which projects a revenue growth slowdown to 6%-7%, is a primary concern as it contrasts sharply with the company's current performance. This strength is evidenced by an expanding 48.2% adjusted EBITDA margin, robust 17% Y/Y growth in operating cash flow, and high 91% client retention, all fueled by the demonstrable ROI its AI-powered platform delivers to clients. Underscoring this internal confidence, management executed a massive $1.06B share repurchase in Q1, taking on $675M in debt to capitalize on what it views as a significant undervaluation. This aggressive, debt-funded capital return increases financial leverage but signals a profound belief in the company's long-term value proposition, despite the cautious near-term growth outlook.

$PAYC
Research

Research Alert: CFRA Maintains Hold Opinion On Shares Of Host Hotels & Resorts, Inc.

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We increase our target by $2 to $23 on a forward P/FFO of 10.9x our 2026 FFO estimate, a premium to peers and HST's three-year forward average (8.9x) due to a stronger 2026 travel outlook and recently redeveloped properties driving higher revenue per average room (RevPAR) this year. We increase our 2026 FFO estimate by $0.05 to $2.11 and leave our 2027 view unchanged at $2.15. San Francisco showed remarkable recovery boosted by the Super Bowl and accelerating business travel as resorts in Florida/Phoenix saw stronger-than-normal Q1 performance. Weather-related disruptions in Hawaii and the East Coast negative impacted RevPAR by 120 bps in Q1, while the outlook for growth in 2H 2026 implies growth slowing to 1%-2% range. Productivity improvements have helped to offset some of the 5% Y/Y growth in wages, but this cost inflation is a risk we continue to monitor. We do not currently expect any acquisitions, with management setting a high IRR bar and favoring buybacks and special dividends currently.

$HST
Research

Research Alert: CFRA Reiterates Hold Opinion On Shares Of Fortis Inc.

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:Our 12-month target is unchanged at CAD80, valuing shares at a forward P/E of 21.5x our next-12-month EPS estimate of CAD3.72, a premium to its five-year average of 19.3x. We keep our 2026 EPS estimate at CAD3.62 and raise our 2027 EPS estimate by CAD0.03 to CAD3.88. Q1 results showed continued progress on load growth opportunities, with ITC advancing data center interconnection projects and TEP securing initial contractual milestones in Arizona while pursuing additional phases. We expect revenue to grow 7.8% in 2026, followed by 5.6% growth in 2027, supported by customer rate updates at Central Hudson (effective July 2025), FortisBC Energy (effective January 2026), UNS Gas (effective March 2026), and a pending decision at TEP (expected fall 2026), alongside ongoing rate base growth. From 2025-2028, we expect EPS to grow at a 5.3% CAGR while dividends grow at 4.6%, both lagging the peer median growth rates of 7.9% and 5.2%, respectively. Shares currently yield 3.3%, slightly ahead of the peer median 3.2%.

$FTS