Commodities
Hormuz Strait Becomes Flashpoint as US-Israel-Iran Conflict Escalates
The Strait of Hormuz has become the focal point in the increasingly complex situation between the US, Israel, and Iran.
A recent oil tanker explosion has raised security concerns for commercial vessels navigating through the strategic location.
The incident is part of a series of attacks on tankers in the region, with UK Maritime Trade Operations confirming several reports of unknown projectiles hitting ships.
The Houthi Health Ministry claims 72 people have been killed and 125 injured since the recent escalation in violence, while Saudi Arabia has accused the Houthis of attacking its soil.