New Wave of Attacks on Ships in the Strait of Hormuz Stirs Energy Fears

Oil exports were finally picking up again, but a sudden spike in tanker attacks by Iran has put the global energy supply on edge.

A vital waterway called the Strait of Hormuz is back in the news for the wrong reasons. For a while, oil tankers were moving through the area smoothly, and energy exports were on the rise. Now, that progress is being threatened by a sudden jump in attacks on ships. Reports show that Iran has stepped up its efforts to target these vessels. Experts say Iran’s ability to find and hit these ships is getting better and more precise. Recent data suggests that at least seven oil tankers have been targeted in this narrow, crowded channel. The Strait of Hormuz is one of the most important shipping …