Tanker Attacks in Strait of Hormuz Surge; Oil Flows Hold, Freight Costs Spike
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UK maritime data shows 12 vessels struck in a week near the Strait of Hormuz, a record high, coinciding with slowing oil exports. The attacks, likely tied to regional tensions, threaten a critical chokepoint for global energy flows. The slowdown in exports suggests supply disruption is already materializing, though attribution and full impact remain uncertain.
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Iran has significantly escalated maritime attacks in the Strait of Hormuz, sinking two vessels (GFS Pride and an unnamed Singapore-flagged ship) and striking at least 12 others in the past week. CENTCOM attributes the GFS Pride sinking to an Iranian missile, marking a direct military action. Iran claims these actions will continue until US demands are met, raising the risk of broader conflict and sustained disruption to global oil flows.
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