A merchant vessel was struck in the Strait of Hormuz, killing one crew member, according to reports. The incident has raised concerns about the security of critical oil routes. Meanwhile, Saudi Arabia has shut down its main pipeline, bypassing the strait, adding to market uncertainty.
Bahrain has called for transit through Hormuz to be free of fees, but Saudi Arabia has not responded. Yemen's rebels claim a drone-and-missile attack damaged a key military site, though no official confirmation has been given.
Iran has accused the US of war crimes and denied any links to recent attacks. The country also issued an updated list of sanctioned vessels, signaling continued tensions in the region.
Oil prices surged past $108 a barrel as fears grow over Middle East supply routes. The situation highlights the fragility of global energy markets amid geopolitical instability.
