Oil Tanker

Iran has shifted to guerrilla tactics in the Strait of Hormuz, deploying mines and unmanned drones against oil tankers to pressure the U.S. and boost its regime. The disruptions have driven Brent crude to $102 a barrel and halved regional oil transit.

A giant VLCC oil tanker caught fire off the coast of Fujairah in the Gulf of Oman following a suspected attack. The incident comes amid a sharp spike in maritime strikes, pushing Brent crude prices above 102 dollars per barrel.