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Iran war: Gulf tanker attacked, one seafarer killed

red and white ship on sea under cloudy sky during daytime
Photo by Fredrick F. on Unsplash

Iran is stepping up attacks on shipping in the Persian Gulf and the Strait of Hormuz. A Greek-owned tanker is believed to have been struck by a missile, and one seafarer was killed. Iran said two other vessels were on fire.

📊 What it means for markets

Attacks on tankers in the Strait of Hormuz, a key oil transit route, often lift oil prices and freight and insurance costs. Gold and the US dollar may gain as safe-haven assets when risk aversion rises, while shipping and insurance stocks can become volatile.

Source: DW

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