Oil gains as ship attack raises concern about Hormuz reopening (opens original article in a new tab)

Oil prices increased as a ship was attacked in the Strait of Hormuz, raising safety concerns and affecting supply flows. The incident led to ships turning around, impacting oil supply, while US and Iran negotiations face challenges over Hormuz tolls.

• Oil prices rose after a ship was attacked in the Strait of Hormuz
• UKMTO reported damage to a cargo ship's bridge with no casualties
• The incident caused ships to turn around, affecting oil supply flows
• The US and Iran's peace negotiations face challenges over Hormuz tolls