Tanker Struck in Strait of Hormuz as Shipping Risks Persist

Another tanker was struck by a projectile in the Strait of Hormuz on Tuesday, according to the UK Maritime Trade Operations, highlighting persistent shipping risks in the critical waterway. The attack follows a similar incident on Monday off Oman's coast, with the vessel identified as a Liberian-flagged Aframax carrying 704,000 barrels of jet fuel that safely reached Fujairah. Diplomatic efforts by Pakistan and others to mediate between Iran and the United States have shown little progress. Only five commodity vessels transited the strait on Tuesday, well below the 10-day average of 15 ships, as Iran and Oman discuss a temporary shipping corridor. Most oil exports through the chokepoint, about 65%, are destined for China.