BREAKING: The US Navy has refused near-daily requests from the shipping industry for military escorts through the Strait of Hormuz, per Reuters. Details include: 1. The US Navy says the risks of attacks is "too high" for now 2. The US Navy has held regular ⁠briefings with shipping and oil industry counterparts 3. During those briefings, the US Navy has said it is unable to provide escorts for the time being 4. Sources say that as of Tuesday's briefing, this risk assessment has not changed The Strait of Hormuz remains largely closed.