A post by @FirstSquawk on X.
IRGC NAVY: TWO TANKERS STRUCK MINES, CAUSING FIRES IN HORMUZ STRAIT
@FirstSquawk on X
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Two tankers struck mines in the Strait of Hormuz, igniting fires aboard both vessels, according to Iran's Revolutionary Guard Navy. The incident threatens the world's most critical oil chokepoint, through which roughly a fifth of global petroleum consumption typically transits. Traders will watch crude benchmarks and tanker insurance and freight rates for signs of disruption, along with any confirmation of the blasts and guidance on whether the strait remains open to shipping.
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Named in this story
Strait of Hormuz, IRGC Navy, tankers