Global oil lifeline in jeopardy? Iran strikes tankers as Hormuz Strait freezes trade | Khamenei, War

Published on Mar 02, 2026 07:18 am IST

Iran has reportedly launched a retaliatory strike targeting an oil tanker in the Strait of Hormuz, intensifying fears of a major disruption to global energy markets. The Palau-flagged tanker 'Skylight' was attacked near Oman’s Musandam peninsula, prompting the evacuation of all 20 crew members, including 15 Indian nationals. Oman confirmed the rescue operation and reported additional drone-related security incidents near the Port of Duqm. The Strait of Hormuz, a critical maritime chokepoint handling nearly 20 percent of global oil supply, has witnessed a sharp slowdown in shipping traffic following the escalation. Maritime tracking data indicates more than 100 commercial vessels have paused or rerouted operations amid security concerns.

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