IRAN'S IRGC SAYS TWO OIL TANKERS STRUCK MINES IN HORMUZ- TASNIM

Iran's Revolutionary Guard Corps, as relayed by the Tasnim news agency, stated that two oil tankers struck mines in the Strait of Hormuz. The reported incident points to a physical supply-disruption channel, since the Strait handles a substantial share of global seaborne crude and refined product flows, and any perceived threat to transit raises freight rates, war-risk insurance premiums, and the risk premium embedded in crude benchmarks. Crude oil futures, tanker equities, and tanker freight rates are the most directly exposed, while energy-importing economies in Asia and Europe face higher input-cost pressure that can feed into inflation expectations and currency weakness. Traders will be watching for official confirmation from shipping operators, the UK Maritime Trade Operations and US Navy advisories, and any movement in Brent-Dubai spreads and war-risk insurance quotes in the coming sessions.

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