Iran Strikes Tankers in Hormuz Strait, Pushing Oil Markets Higher

Iran attacked three commercial vessels in the Strait of Hormuz on July 7, raising the waterway's maritime risk to severe. The corridor moves roughly 20 percent of global oil daily. The strikes targeted Saudi, Qatari, and Singapore-flagged ships, immediately spiking Brent and U.S. crude futures and disrupting traffic recovery through this critical chokepoint.