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Iran’s Revolutionary Guards Navy said a tanker caught fire after striking a naval mine east of the Strait of Hormuz, according to Tasnim. The incident centers on one of the world’s most critical oil chokepoints, through which a large share of seaborne crude and refined products moves. The report did not specify the vessel’s name, flag, cargo or the extent of damage. Traders will watch for confirmation from shipowners, insurers and Gulf authorities, plus any signs of disruption to tanker traffic and freight and insurance costs.

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Named in this story

Strait of Hormuz, Iran's Revolutionary Guards' Navy, Tasnim