Projectile Hits Cargo Ship Off Oman as Hormuz Traffic Reopening Faces New Setback
Updated
Updated · Bloomberg · Jun 25
Projectile Hits Cargo Ship Off Oman as Hormuz Traffic Reopening Faces New Setback
3 articles · Updated · Bloomberg · Jun 25
Summary
A cargo ship southeast of Oman's Dahit was struck by an unidentified projectile, damaging its side and bridge but causing no reported casualties.
The attack came hours after several cargo vessels turned back, interrupting a rapid push to restore Strait of Hormuz traffic under a temporary U.S.-Iran understanding.
UKMTO warned ships to navigate with caution after the incident, underscoring fresh security risks in the key energy chokepoint.
Oil prices turned higher on the report, reflecting concern that renewed attacks could again disrupt shipping through the strait.
Is Iran turning the world's busiest oil route into a private toll road enforced by military attacks?
Can a UN-backed 'safe' shipping lane survive when a nation is determined to make it a firing range?
Strait of Hormuz Crisis 2026: 60% Drop in Shipping, Oil at $120, and Global Fallout
Overview
As of June 2026, the Strait is facing a severe escalation of hostilities, causing major shipping lines to reroute vessels and sharply increasing both transit times and operational costs. Insurance premiums for ships have surged by 300% in just one month, while the number of vessels passing through the Strait has dropped by 60% compared to before the crisis. Over 15 commercial ships have been damaged or sunk in recent attacks. These disruptions have hit the energy sector hard, straining global supply chains and pushing Brent crude oil prices up to $120 a barrel, with widespread impacts on global markets.