Business

Oil Prices Surge After Ship Incident in Strait of Hormuz

Updated 2026-08-04 10:55 UTC 1 source Negative

Oil prices have surged after reports that a ship was struck by an unknown projectile in the Strait of Hormuz. The incident has raised concerns about potential disruptions to global oil supplies.

Coverage timeline — 1 article

MarketWatch

Oil prices rise after vessel reports being hit in Strait of Hormuz

The United Kingdom Maritime Trade Operations Center said a ship reported being struck by an “unknown projectile” in the waterway.

2026-08-04 10:39 UTC