Tanker Attacks Continue in Middle East Despite De-escalation Hopes, Impacting Energy Markets

Despite expectations for de-escalation in the Iran conflict, new reports indicate continued attacks on tankers in the Strait of Hormuz and other Middle East energy infrastructure. October recorded 37 ship attacks, the highest monthly total since the conflict began. While crude prices recently fell after US officials downplayed further military action, the ongoing attacks in November suggest persistent risks to global energy supply.