Three Oil Tankers Hit by Projectiles in Strait of Hormuz

Key Facts

1Shipping intelligence service Marisks reported that three Liberian-flagged oil tankers were struck by unknown projectiles while transiting the Strait of Hormuz on Tuesday.

Three Liberian-flagged oil tankers were struck by unknown projectiles while transiting the Strait of Hormuz on Tuesday. Reuters reported, citing shipping intelligence service Marisks, that the incident occurred in the strategic waterway, though the identity of the attackers and the extent of the damage were not immediately disclosed.

The incident occurs amid a deepening regional crisis which has already led to a significant drop in tanker transits through the strait. Physical strikes on energy infrastructure at systemic chokepoints increase the geopolitical risk premium for crude oil, supporting a bullish outlook for prices due to heightened threats to global supply security.