Strait of Hormuz · Iran · Israel · Crypto Briefing
Attack on Strait of Hormuz shipping raises fears for oil supplies
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A projectile strike on a vessel in the world's most critical oil chokepoint adds to months of escalating disruptions that have cratered shipping traffic and pushed Brent crude past $100.
Key facts
- Brent crude prices surged past $100 per barrel in September 2026, building on earlier spikes that followed attacks in June
- A projectile struck a vessel transiting the Strait of Hormuz on September 12-13, according to an advisory from the United Kingdom Maritime Trade Operations
- On disrupted days, vessel transits through the strait have plummeted to as few as 5 to 10 ships
- Oil flow volumes have at times dipped to roughly 2 million barrels per day, a 90% decline from normal throughput
Summary
A projectile struck a vessel transiting the Strait of Hormuz on September 12-13, according to an advisory from the United Kingdom Maritime Trade Operations. The strait, a narrow waterway between Iran and the Arabian Peninsula, normally handles roughly 20 million barrels of oil per day. This latest incident is not an isolated event. On disrupted days, vessel transits through the strait have plummeted to as few as 5 to 10 ships.