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Ship attacks in Strait of Hormuz push oil near five-month high

Iran's Revolutionary Guard says mines hit tankers in the strait, and roughly 6,000 sailors are reportedly stranded there. Shipping traffic has dropped about 70%.

By Standard Topic. AI-generated from the reporting listed under Coverage. Published . Updated .

What happened

Ships are being struck in the Strait of Hormuz, with at least 15 container ships attacked over 10 days, according to the reports. Iran's Revolutionary Guard said naval mines halted two tankers, which then caught fire, and it has cited seven internet cables under the strait as possible targets.

Why it matters

Thousands of sailors remain trapped, and the attacks are keeping oil prices high as supply recovery is threatened.

Timeline

  1. Oct 19, 5:12 AM ET: The Revolutionary Guard said an oil tanker caught fire in the Strait of Hormuz after hitting a sea mine.
  2. Oct 19, 2:07 PM ET: At least 15 container ships were reported attacked in the strait over 10 days, while shipping traffic fell by about 70%.
  3. Oct 20, 1:17 AM ET: The Revolutionary Guard cited seven internet cables under the strait and warned of new targets.
  4. Oct 20, 6:16 AM ET: The Guard said its mines halted two tankers attempting to pass through the strait, and both were set ablaze.

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