US Targets Iranian Tankers with 'Tanker for Tanker' Policy

The US has implemented a 'tanker for tanker' policy in response to Iranian military strikes on oil tankers. According to Axios, this means that the US Navy will target an Iranian tanker for every vessel hit by Iranian forces.

This move comes as tensions between the US and Iran escalate over oil flows through the Strait of Hormuz. The Strait is a critical chokepoint for global oil supplies, and any disruptions can have significant impacts on prices.