Projectile Strike on Cargo Ship Signals Hormuz Remains Unpredictable

A cargo vessel was hit by an unknown projectile near Oman on June 25, just days after Trump announced a U.S.-Iran deal to reopen the Strait of Hormuz. The strike, with no claimed responsibility, undercuts the diplomatic agreement's reassurance. War-risk insurance premiums remain elevated, signaling that maritime markets view the corridor as operationally constrained, not yet routine.