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UKMTO and multiple reports indicate at least a fourth tanker hit in the Strait of Hormuz amid claims of Iranian involvement, while the U.S. Treasury Secretary says Iran loaded zero crude last month. This points to both a realized disruption of Iranian exports and heightened war-risk in the key chokepoint, materially tightening supply expectations and lifting risk premia across crude and product markets.
Details
What happened: In the last hour, several converging reports indicate a dangerous escalation around the Strait of Hormuz. UKMTO confirms a tanker hit by an unknown projectile in Hormuz, causing an engine-room fire, and another report notes a fourth vessel hit by Iran-linked action in the strait within 24 hours.