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Commodities

IRGC Navy Targets Togo-Flagged Tanker in Strait of Hormuz Incident

Guavy AI Editorial Team
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Oil
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The Iranian Revolutionary Guard Corps (IRGC) Navy targeted a Togo-flagged oil tanker in the Strait of Hormuz, reportedly for an alleged unauthorized passage through the strait. The incident occurred on September 18, with the IRGC citing the tanker's illegal transit as justification for the action.

The tanker caught fire following the targeting, according to Fars News Agency. The incident has raised concerns about global oil prices and supply chain stability in the short term.

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