Cargo Vessel Struck in Strait of Hormuz Amid Regional Tensions

A cargo ship was reportedly hit by a projectile in the Strait of Hormuz, an incident that follows recent warnings from Iran. This event unfolds as the U.S. Secretary of State concludes a regional tour aimed at reassuring allies about a U.S.-Iran peace framework. Despite the incident, oil prices have seen a slight dip, suggesting market confidence in de-escalation.