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Tanker Attacks in Hormuz Reach New High Since US-Iran War Started

Confirmed

World Desk

In Short: Commercial shipping around the Strait of Hormuz is experiencing its most intense period of attacks since the US-Iran war began on February 28, with four tankers struck and another directly threatened, according to UK Maritime Trade Operations.

CIA report Shipping Attacks Tanker War 1984.85
Photo: CIA report / Wikimedia Commons (Public domain)

The latest attack occurred at 1637 UTC on Monday when a tanker transiting Hormuz was hit by an unknown projectile, starting a fire in the engine room.

In a separate incident, a tanker was hailed by Iran’s Islamic Revolutionary Guard Corps and ordered to turn around or face attack, highlighting the ongoing tensions in the region.

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One of the more concerning incidents involved a drone entering a tanker’s funnel and falling into the engine room, starting a small fire and temporarily knocking out power.

The Indian Ministry of External Affairs condemned the attack on a Panama-flagged commercial vessel carrying Indian crew members, stating that 12 of the 19 crew members were injured.

Oil prices continued to rise early on Tuesday, rallying by 1.7% in Asian trade, as concerns about supply disruptions from the Middle East increased.

The US military said it had “permanently disabled” two Iran-linked oil tankers, including one near Kharg Island, and “destroyed” a third in the Gulf of Oman.

According to the US Navy-led Joint Maritime Information Center (JMIC), Iran’s actions continue to demonstrate its intent to assert presence along key transit lanes and maintain pressure on transiting vessels.

The market is now fully braced for Brent crude to trade above $100/barrel on a sustained basis, with Brent touching just over $100 a barrel in early trading on Wednesday.

The US Energy Secretary Chris Wright told Fox News that the “running average” of crude oil in transit was nearly 13 million barrels per day.

The IRGC said the US would regret the strikes and Iranian news agencies reported that retaliatory missile and drone attacks on “US bases and interests in the region” had begun.

What this adds

Tanker attacks in the Strait of Hormuz have reached their highest level over the past week since the start of US military action against Iran, according to Reuters.

The attacks on tankers and the ongoing tensions in the region have raised concerns about the stability of oil supply and prices.

Background

Three Liberia-flagged oil tankers were hit by unknown projectiles while passing through the Strait of Hormuz on Tuesday, according to shipping intelligence service Marisks.

What's confirmed

What's still developing

Sources