Container ship sinks near Hormuz after being hit by projectile, sources say
- On Wednesday, a tanker and a container ship were hit by projectiles of unknown origin in the Strait of Hormuz, the United Kingdom Maritime Trade Operations reported.
- Iran has maintained a blockade of the strategic waterway since the start of the regional conflict, repeatedly warning vessels against transiting the strait without its approval.
- The Revolutionary Guard Corps navy stated Wednesday that a cargo ship sank after hitting a naval mine, claiming the vessel traveled on an "unauthorised and dangerous route."
- Global oil prices climbed Wednesday as supply concerns intensified, with analysts projecting West Texas Intermediate to trade between $90 and $100 a barrel.
- Market strategist Hiroyuki Kikukawa, chief strategist at Nissan Securities Investment, said "supply concern stemming from conflict between the Houthis and Saudi Arabia" is driving prices higher, though Russian diesel exports could moderate movement.
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According to the Iranian Revolutionary Guard, the ship sailed on a sea mine under the flag of Singapore. Another freighter, which was already hit in September, is also sinking.
‘Unauthorized and Dangerous Route’: Iran Says it Sunk Vessel in the Strait of Hormuz with a Sea Mine
In a matter of days, President Trump struck a deal to bring Russian diesel to market, said Ukraine should “get a new leader who can make a deal,” and announced an energy ceasefire. Zelensky called the diesel deal a gift to Russia, and Russian strikes on Ukrainian energy sites continued.
South of the Strait of Hormuz, a large container ship, GFS Pride, sank after being hit by a mine, trying to travel along this route without prior approval from Tehran. The ship was sailing from Fujairah under the Singapore flag. More than 2,500 containers sailed freely along Hormuz
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