Iran Strikes Cargo Vessel in the Strait of Hormuz Putting Oil Trade on Edge
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Iran fired on a commercial cargo vessel transiting the Strait of Hormuz on Thursday, according to two U.S. officials, marking new tensions in one of the world’s most strategically important maritime chokepoints.
The vessel reported being struck by a projectile while sailing approximately 7.5 nautical miles southeast of the Omani port of Dahit, according to the United Kingdom Maritime Trade Operations (UKMTO), which monitors maritime security across the Middle East. While the ship sustained damage, there were no immediate reports of fatalities or injuries among the crew. Authorities have not publicly identified the vessel or disclosed details about its cargo or destination.
Two U.S. officials told Reuters that Iran was responsible for the attack, speaking on condition of anonymity because of the sensitivity of the matter. Iranian authorities had earlier warned commercial vessels against using a newly established maritime corridor through the Strait of Hormuz that had been coordinated by Oman and supported by the United Nations to facilitate safer commercial transit through the region.
The reported strike came only hours after Tehran warned that ships using routes outside those approved by Iranian authorities could no longer expect safe passage. The warning has heightened fears that commercial shipping could once again become a target despite recent diplomatic efforts aimed at reducing military tensions in the Gulf.
The Strait of Hormuz remains one of the world’s most critical maritime passages, serving as the gateway for roughly one-fifth of global oil shipments. Any disruption to traffic through the narrow waterway can quickly ripple through international energy markets.
Financial markets reacted almost immediately. After earlier declines fueled by hopes that regional tensions were easing, oil prices reversed course following reports of the attack. Brent crude settled at $75.26 per barrel, while U.S. West Texas Intermediate crude closed at $71.92, both posting gains of roughly 2% as traders weighed the possibility of renewed disruptions to Gulf exports. Gasoline and diesel futures also climbed sharply.
The incident also disrupted international efforts to assist thousands of stranded seafarers. The International Maritime Organization paused its planned evacuation operation for more than 11,000 sailors after the attack, citing worsening security conditions in the Strait of Hormuz. Roughly 600 commercial vessels remain immobilized across the region as uncertainty continues over safe navigation.
Despite the growing risks, some shipping companies continue to move vessels through the Gulf under heightened security measures. Danish shipping giant Maersk said Thursday that two of its ships had successfully exited the Gulf through the Strait of Hormuz after extensive coordination with security partners and careful risk assessments. The company said it still has three vessels operating inside the Gulf while monitoring developments closely.
