Iranian Cargo Ship Struck in Strait of Hormuz; Houthis Attack Saudi Arabia
Recent distress in the Middle East has oil traders expecting prices to rise again.
TL;DR
- An Iranian commercial container ship was struck by an unidentified projectile near Hengam Island in the Strait of Hormuz.
- One crew member was killed and four were injured in the attack.
- Iran-backed Houthi rebels claimed new attacks on Saudi Arabia.
- The incidents are raising concerns about the security of regional shipping and oil supplies.
- Oil traders anticipate a rise in prices when markets reopen.