Iran’s attack on a cargo ship halts UN evacuation plan
Iran fired on a Singapore-flagged cargo vessel near the Strait of Hormuz, warning vessels transiting outside designated routes cannot be guaranteed safe passage.
The UN International Maritime Organization paused its effort to evacuate stranded ships and seafarers from the strait following the attack.
Oil prices settled higher, with both WTI and Brent rising more than 2%, due to fears over the preliminary peace accord resurfacing and technical short-covering.