Iran-linked Attacks on Tankers in Gulf
Analysis based on 9 articles · First reported Mar 12, 2026 · Last updated Mar 12, 2026
The attacks have caused global oil prices to surge to highs not seen since 2022, as shipping in the Gulf and Strait of Hormuz has come to a near-standstill. This disruption significantly impacts global energy markets and supply chains, leading to increased costs and uncertainty for consumers and businesses worldwide.
A series of maritime attacks, primarily attributed to Iran's Iran===Islamic Revolutionary Guard Corps, targeted multiple vessels in Iraqi waters and the Strait of Hormuz. Explosive-laden boats attacked the fuel tankers Safesea Vishnu and Zefyros in Iraqi waters, setting them ablaze and killing one crew member. Separately, the dry bulk vessel MV Mayuree Naree (2007) was struck by projectiles in the Strait of Hormuz, causing a fire and leaving three crew members missing. Other vessels, including the ONE Majesty and Star Gwyneth, also sustained minor damage. These incidents mark a significant escalation in the conflict between Iran and US-Israeli forces, leading to a near-standstill in shipping through the critical Strait of Hormuz, which carries a fifth of the world's oil. Consequently, global oil prices have surged to their highest levels since 2022, and Iraq's oil ports have completely halted operations. The US Navy has refused military escorts due to high risk, despite President Donald Trump's assurances.
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