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Tanker Attacks Spike as US-Iran Tensions Flare

Yahoo Finance •
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At least three oil tankers were damaged off the Gulf coast following U.S. and Israeli strikes on Iran, triggering retaliatory attacks that put commercial shipping at risk. Over 200 vessels, including oil and liquefied gas tankers, dropped anchor near the Strait of Hormuz as Iran closed navigation through the critical waterway.

A Palau-flagged tanker under U.S. sanctions was hit off Oman's Musandam peninsula, injuring four crew members. A Marshall Islands-flagged crude oil tanker was struck by a projectile 44.4 nautical miles northwest of Muscat. The UK Maritime Agency reported an explosion affecting a laden merchant vessel in the same area.

Maritime security sources said a third oil-bunkering tanker was damaged off the UAE coast. The U.S. Maritime Administration warned vessels to maintain a 30-nautical-mile standoff from American military ships. With Iran having loaded naval mines in June, analysts expect war risk insurance rates to surge 25-50% when underwriters review coverage on Monday.