Tensions Flare in Strait of Hormuz as IRGC Attacks Indian Oil Tanker

The Indian government has summoned the Iranian ambassador following an attack on the tanker Sanmar Herald by IRGC gunboats in the Strait of Hormuz. Audio recordings indicate that the vessel had received prior clearance to pass before being fired upon, highlighting a significant breach of maritime security protocols. In a precautionary move, the tanker updated its AIS identification to 'INDIANSHIPINDIANCREW' to signal its neutral status. This incident marks a sharp diplomatic rift between India and Iran, both members of the BRICS bloc, amid rising regional instability. The escalation poses a direct threat to global oil supply routes, likely driving bullish sentiment for Brent and WTI crude. Investors are also eyeing safe-haven assets like Gold as geopolitical risks intensify in one of the world's most critical maritime chokepoints.