A Singapore-flagged vessel was struck by a projectile in the Strait of Hormuz, prompting the UN to pause its evacuation plan amid rising tensions.
Oil prices rose after a Singapore-flagged cargo ship was hit by a projectile in the Strait of Hormuz, a critical chokepoint for global oil transit. The vessel, traveling on a UN-approved route, sustained bridge damage but no casualties or environmental impact, according to initial reports.
The attack occurred 7 nautical miles off Oman’s coast, following threats from Iran’s Islamic Revolutionary Guard Corps (IRGC) against ships transiting without Tehran’s permission. The UN shipping agency paused its evacuation plan for stranded vessels, citing a need for clarity on the incident.
Iran had previously linked regional tensions to Israel’s withdrawal from Lebanon, a condition of a recent peace agreement. Negotiations between Lebanon and Israel remain ongoing, but progress has been slow, fueling uncertainty in the region.