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Geo-Political

UKMTO says tanker hit by unknown projectile in Strait of Hormuz

The United Kingdom Maritime Trade Operations (UKMTO) said on Thursday that an “unknown projectile” struck a tanker in the Strait of Hormuz, causing a fire that has since been put out, Reuters reported.

A British maritime agency further stated all crew safe and accounted for with no environmental impact reported.

“Local authorities have reported a tanker has been hit by an unknown projectile causing fire to the vessel which has since been extinguished,” said UKMTO.

Market reaction

At the time of writing, the West Texas Intermediate (WTI) is down 0.27% on the day at $82.33.

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