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Unknown projectile strikes vessel in Strait of Hormuz, UKMTO says

UKMTO said the impact damaged the engine room and caused a crew casualty, with remaining crew being assisted by the Omani coast guard.

Reported · Written up by our desk · FX Futures

UK Maritime Trade Operations (UKMTO) said it received a report of an incident in the Strait of Hormuz. According to the agency, the company security officer reported that a vessel was struck by an unknown projectile while transiting the critical waterway outbound.

UKMTO said the impact caused damage to the engine room and resulted in a crew casualty. The agency added that the remaining crew are being assisted by the Oman coast guard.

At the time of writing, WTI was up 0.15% on the day at $84.25, with the article noting that oil prices can react to disruptions in supply linked to conflict and sanctions.

The piece also described how WTI pricing is influenced by factors including global growth expectations, OPEC decisions, inventory reports, and the US dollar’s value, noting that oil is predominantly traded in US dollars.

Latest closeWTI crude $82.40 ▲1.4%

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