LNG tanker carrying Qatari cargo struck in Strait of Hormuz as Mideast conflict drives oil rally
An LNG tanker, the Gaslog Shanghai, was struck by a projectile in the Strait of Hormuz, causing a power outage and fire. The incident has disrupted shipping in the critical waterway and contributed to a rise in global oil prices.
Why it matters
The Strait of Hormuz is a vital chokepoint for global energy supplies; repeated attacks threaten energy security and market stability.
A liquefied natural gas (LNG) tanker carrying a Qatari cargo was struck by a projectile while traversing the Strait of Hormuz, threatening super-chilled fuel supplies and driving oil prices to their biggest gains since March amid escalating regional conflicts.
According to Bloomberg, security consultancies Vanguard Tech and Marisks identified the vessel as the LNG tanker Gaslog Shanghai. A spokesperson for the vessel’s Greece-based manager, Gaslog, said in a statement that the ship’s operator confirmed it was hit by an unknown projectile that caused a power outage. She added that no crew members were injured and a resulting fire was extinguished. Gaslog had not immediately responded to requests for comment outside of official working hours.
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