Archive · 13 Sep 2026

Hormuz Vessel Strike Raises Global Oil Supply Fears

Hormuz Vessel Strike Raises Global Oil Supply Fears

A ship was reportedly hit by an unknown projectile while traveling through the Strait of Hormuz.

Officials did not yet know how badly the ship was damaged or whether its crew was safe.

Saudi Arabia also temporarily closed an important oil pipeline after a drone attack.

The pipeline can carry millions of barrels of oil each day.

This raised concerns that less oil could reach countries around the world.

Oil prices rose above $100 a barrel, and U.S. diesel prices went above $6 per gallon.

Saudi Arabia asked the United States for help against Houthi forces.

The United States said it would provide intelligence but would not directly join the fighting for now.

Iran and regional countries planned to discuss the Strait of Hormuz in Oman.

Sources