Commodities
Tanker Explodes in Strait of Hormuz After Hitting Naval Mine
An oil tanker exploded in the Strait of Hormuz after hitting a naval mine that it had deviated from an Iranian-designated navigation route, according to Iranian media.
The incident occurred on Sunday and no information was available on casualties or the extent of damage to the vessel, which has not been identified.
Tensions between the US and Iran have intensified in recent weeks, with Washington carrying out attacks on Iran and Tehran responding by targeting what it says are US military facilities and equipment in countries across the region.