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Ship attack reports near Hormuz reach record high as oil exports slow

Ship attack reports near Hormuz reach record high as oil exports slow

Summary

The number of ship attacks near the Strait of Hormuz has reached a new high amid increased tensions related to the US-Israeli war with Iran. These attacks have slowed down oil shipments through this key waterway, although commercial traffic continues with US and regional military protection.

Key Facts

  • Twelve ships were attacked between 5 and 11 October, the highest weekly total reported near the Strait of Hormuz.
  • Six vessels were struck in one day last Sunday, marking a new daily high.
  • Attacks include the use of drones, as seen in the Petro Dolphin tanker incident near Oman, where two crew members remain missing.
  • The container ship GFS Pride sank after being hit by an unknown projectile; 21 crew members were safely evacuated.
  • Iran’s Islamic Revolutionary Guard Corps claimed responsibility for the GFS Pride attack, accusing the ship of carrying contraband and taking an unauthorized route.
  • Oil exports through the Strait of Hormuz have decreased from about 17 million barrels per day before the conflict to 12.6 million barrels per day recently.
  • The US Navy has increased ship escort operations by 85% in October compared to August to protect vessels in the area.
  • Iran opposes the current shipping route used by Gulf Arab states’ tankers, demanding vessels take a route closer to Iran’s shore.
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