Saudi tankers reported hit in Hormuz strait as oil prices climb

Two Saudi oil tankers, the Sidr and Senegal Prosperity, were struck within minutes of each other while transiting the Strait of Hormuz, marking a notable escalation in attacks on shipping through the Omani corridor. UK officials and shipping firms tracked the near-simultaneous strikes near Khasab, with crews reported safe. Brent crude rose on the news as markets priced in potential disruptions to Gulf exports, while President Trump signaled the possibility of further strikes on Iran. U.S. and Iranian tensions have continued to complicate navigation and exports, with authorities noting ongoing volatility in maritime routes as mediators seek to reopen traffic. Market risk advisories warned that trading in related assets carries substantial risk amid these geopolitical developments. The broader implication remains the fragility of Gulf shipping routes and potential impacts on global oil markets.