UAE says one of its oil tankers was attacked by two Iranian drones while transiting the Strait of Hormuz, without specifying the date of the attack, i24 reports

The reported attack on a UAE oil tanker by Iranian drones in the strategically vital Strait of Hormuz underscores heightened geopolitical tensions in the region. This is likely to impact oil prices, particularly WTI, as it raises concerns over potential supply disruptions and risks to maritime safety. Traders should monitor related assets, as escalations of this nature typically have immediate ramifications for risk sentiment and commodity markets.