Hormuz Attack Sparks Fears of Oil Supply Disruption
A fresh wave of attacks in the Middle East is threatening global oil supplies and sending energy prices higher. The latest incident occurred on Sunday when a ship was reportedly hit by a projectile while passing through the Strait of Hormuz, according to UKMTO.
The British navy-affiliated agency said it had received reports of damage to the vessel but did not provide further details about the crew's status. This incident adds to concerns about Iran-related threats to energy supplies after Saudi Arabia temporarily shut down its East-West pipeline on Friday following a drone attack.
Saudi Arabia's de facto ruler, Crown Prince Mohammed bin Salman, has asked US President Donald Trump for military help in fighting the Houthis, who have been advancing along the Red Sea and potentially disrupting another major oil route. Trump confirmed the conversation but said that Washington would not intervene directly for now, only providing intelligence.