Commodities
Tanker Explodes in Strait of Hormuz Amid Tensions with Iran
An oil tanker exploded in the Strait of Hormuz after its tracking system was switched off while entering the strategic waterway, according to Iranian state television. The incident occurred on Saturday.
The Mehr news agency reported hearing explosions off Qeshm Island, suggesting that the blasts may have been linked to gunfire targeting vessels crossing the maritime gateway in violation of its rules.
No further details were immediately available about the identity of the vessel or whether the incident caused any casualties or material damage.