Tanker Attacks Continue in Strait of Hormuz Amidst De-escalation Hopes

Despite market expectations for a de-escalation in the Iran conflict, new evidence has emerged of continued strikes on tankers in the Strait of Hormuz and other energy infrastructure in the Middle East. Reports indicate that at least three tankers were hit for using 'unauthorized routes' through the strait on Sunday, with one vessel managed by Navig8 reportedly on fire near the coast of Oman. This ongoing disruption to shipping in a critical global oil passage highlights persistent geopolitical tensions and their potential impact on energy supply and prices.