French container ship San Antonio was struck in the Strait of Hormuz on Tuesday, injuring eight crew members. The attack came amid U.S. Central Command’s Project Freedom, a new escort scheme that began the same week. CMA CGM, the vessel’s owner, insists the ship followed the program’s guidelines, while U.S. forces say it did not check in in a tense moment.

With Iran routinely targeting vessels that lack its clearance, the incident tightened supply lines for oil and gas, pushing gasoline, diesel and jet fuel prices higher. The International Maritime Organization reports 32 ships have been attacked since the war began, killing 10 seafarers. CMA CGM’s fleet of more than 650 ships generated $50 billion in revenue last year in 2025 globally and their insurers face higher premiums.

French defense officials moved the Charles de Gaulle carrier group to the Red Sea, signaling readiness to secure navigation if a deal opens the strait. Iran’s Revolutionary Guards claim they can guarantee safe passage to compliant ships, but analysts warn that without a clear agreement, vessels face risks. This disruption may prompt insurers to reassess risk premiums region.