The Digester

Three ships attacked near Strait of Hormuz as oil prices rise

Mar 1st 2026

At least two ships were struck and a third experienced a nearby explosion near the Strait of Hormuz amid Iranian warnings to avoid the waterway, triggering a near standstill in shipping and sharp rises in oil prices.

  • UKMTO reported two vessels struck by unknown projectiles and a third had a nearby explosion, with crews reported safe.
  • Iran's Islamic Revolutionary Guards said three tankers from the UK and US were hit, a claim not yet confirmed by those governments.
  • The Strait of Hormuz, which carries about 20% of the world's oil and gas, is nearly closed with at least 150 tankers anchored outside, according to Kpler.
  • Over-the-counter Brent crude trades jumped about 10% to roughly $80 a barrel and analysts warn prices could exceed $100 if disruption continues.
  • Opec+ agreed to raise output by 206,000 barrels per day and major shippers like Maersk are rerouting vessels around the Cape of Good Hope.

Sources

bbc.com