Iran strikes third crude oil supertanker in Strait of Hormuz over the weekend, raising geopolitical tensions and oil supply concerns.
Macro & Markets ·
Iran's military reported striking a crude oil supertanker in the Strait of Hormuz that is now burning, claiming the vessel had disabled its navigation systems and breached regulations. This represents the third oil tanker hit over the weekend, escalating supply chain risks in a critical shipping corridor.