Tsvetana Paraskova reports that a supertanker caught fire after hitting naval mines in the Strait of Hormuz.

The vessel was struck while attempting to navigate the southern lane, a route often used by ships seeking to avoid Iranian regulations in the northern corridor. This incident occurs amid renewed hostilities in the region, which have pushed oil prices higher. Brent Crude prices rose by 3% to $90.72 per barrel, while the U.S. benchmark WTI Crude topped $85 per barrel. The hostilities include recent U.S. forces striking two Iranian rocket launchers on Larak Island to counter minelaying forces. Meanwhile, the UK Maritime Trade Operations reported another tanker was struck by an unknown projectile off the coast of Oman. Iran continues to maintain pressure on commercial shipping through the Strait of Hormuz, a vital passage for global oil and gas exports.