Four tankers ablaze after hitting mines near Strait of Hormuz

Photo — Muhammed Zahid Bulut / Pexels

The incident comes amid heightened tensions surrounding the Iran war and uncertainty over possible U.S. military and diplomatic moves. The Strait of Hormuz carries a major share of global oil shipments, so prolonged disruption could sharply affect energy markets, shipping, and international security. Oil prices were already rising amid uncertainty linked to the conflict and political upheaval in Washington.[1][3]

Sources: Reuters