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.