Three tankers are on fire in the Hormuz Strait, Tehran reports

Fires broke out on three tankers in the Strait of Hormuz after they hit naval mines, according to Iranian Revolutionary Guards. One tanker was carrying over two million barrels of oil. The Iranian forces have been targeting vessels attempting to navigate unauthorized routes in the area. The situation escalated following U.S.-Israeli strikes on Iran, leading to increased military actions and a blockade by the U.S. in April. This has resulted in rising global oil and LNG prices due to disruptions in the Strait, which is crucial for global energy supplies.