A commercial vessel was hit by an unidentified projectile in the Strait of Hormuz on Wednesday, causing at least one crew casualty and raising regional security concerns.
The UK Maritime Trade Operations (UKMTO) confirmed the incident, which occurred as US-Iran diplomatic efforts remain deadlocked following the expiration of their memorandum of understanding.
Global oil prices surged by over 2% following the attack, as shipping companies reassess transit safety through the critical waterway amid the ongoing military standoff.