UKMTO reports tanker struck by three projectiles during outbound transit of Strait of Hormuz
The United Kingdom Maritime Trade Operations (UKMTO) said on Tuesday that a tanker has reported being struck by three projectiles while sailing out of the Strait of Hormuz, Reuters reported.
The incident was reported 17 nautical miles east of Khasab in Oman. No casualties or environmental damage reported.
Market reaction
At the time of writing, the West Texas Intermediate (WTI) is up 3.22% on the day at $85.44.
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EIA expects Brent crude spot prices to remain at $100 per barrel for the rest of the year and raises the average price forecasts for this year and next.
The U.S. Energy Information Administration (EIA) has raised its forecast for average Brent crude oil prices in 2026 and 2027 to $97 and $86, respectively, reflecting pressures from global inventory declines, Middle East supply disruptions, and rising transportation costs. As oil production in the Middle East gradually recovers and global inventories rebound from low levels, the EIA expects the average spot price of Brent crude to fall to $87 per barrel in the second quarter of 2027, and further decline to $77 per barrel by the fourth quarter.
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