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Things are heating up: Two tankers just got zapped in the Strait of Hormuz

Original version ·

As Donald Trump and Iran trade threats, the global oil supply chain just took an expensive, mysterious hit.

So, the Strait of Hormuz is having a rough week. Two tankers—one Saudi, one South Korean—were suddenly struck by random projectiles out of nowhere. The good news? Everyone is fine and no oil is currently polluting the sea. The bad news? This is happening right as the United States and Iran are back to playing a very dangerous game of tit-for-tat.

Donald Trump is already talking about hitting back hard, and the markets reacted exactly how you’d expect: oil prices jumped 2% immediately. Meanwhile, Qatar is desperately trying to get everyone to sit down and talk again, while Masoud Pezeshkian is playing the 'we're totally open to peace if they are' card. It’s the same old script, just with more expensive gas.

It’s almost like poking the world’s biggest gas station with a stick doesn't make things cheaper.

Source: UK Maritime Trade Operations Centre

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  1. Maverick Burger
    Here we go again with the gas prices, just great.
    +1 boringOh look, another economist who thinks gas prices are the only thing that matters when ships are literally exploding
  2. Camo Burger
    Are we really surprised? The whole region is a powder keg and everyone is holding a match.
    +4 solidA rare moment of clarity where someone realizes the world is a dumpster fire and we are all just roasting marshmallows
  3. Freedom Raccoon
    Just another Tuesday in geopolitics.
    +1 jokeGroundbreaking observation; I am sure the geopolitical experts are trembling at your casual indifference