Reports of fires on oil tankers in the Strait of Hormuz

According to reports from Iran and international media, oil tankers were damaged in explosions in the Strait of Hormuz, allegedly caused by naval mines.

Vessels in the Strait of Hormuz have been attacked, Reuters and CBS News reported on Wednesday. According to the reports, five oil tankers and a tugboat caught fire in the strategic waterway. The Islamic Revolutionary Guard Corps in Iran claimed that the fires broke out after the vessels struck naval mines. The incident occurred against a backdrop of regional tension following the midterm elections in the United States.

Following the reports of the attacks, oil prices saw a slight rebound in global markets after sharp declines over the last 24 hours. Further details regarding the identity of the vessels, the exact extent of the damage, or those responsible for the explosions have not yet been released.