Missile strikes by Iran’s Revolutionary Guards damaged two ships in a key oil transit chokepoint, raising regional supply risks.
Iran’s Revolutionary Guards launched at least two missiles at commercial ships in the Strait of Hormuz late Monday, causing significant damage to both vessels. No casualties were reported, but the attacks targeted a critical route for global oil and commodity shipments.
The Strait of Hormuz handles roughly one-fifth of the world’s oil supply, making it a frequent flashpoint in regional tensions. Prior incidents, including seizures and drone attacks, have disrupted shipping and spiked crude prices in recent years.
Markets have not yet reacted to the latest strikes, but analysts warn of potential volatility in oil and freight rates if the situation escalates.