A post by @FirstSquawk on X.

Iran’s navy said an oil tanker caught fire after striking a naval mine in the eastern Strait of Hormuz, according to a First Squawk post on X. The incident centers on one of the world’s most important crude transit chokepoints, where disruptions can quickly feed through tanker rates, freight insurance and oil benchmarks. Traders will watch for confirmation of the vessel’s identity, the extent of the fire and whether traffic through the strait is slowed or rerouted.