Attacks on vessels in the key oil transit chokepoint raise supply disruption risks amid no reported casualties or cargo losses.
Iran fired at least two missiles at commercial ships transiting the Strait of Hormuz, striking two vessels and causing significant damage. No crew injuries were reported, but the attacks heighten concerns over maritime security in the critical oil shipping lane.
The Strait of Hormuz handles about one-fifth of global oil trade, making it a frequent flashpoint for geopolitical tensions. Recent incidents have historically triggered short-term spikes in crude prices, though sustained disruptions remain rare.
WTI crude futures edged higher in after-hours trading following reports of the strikes, reflecting market sensitivity to supply chain risks in the region.