Iran says two tankers hit mines as Hormuz trade remains disrupted

Iran's Revolutionary Guards reported on Tuesday that two oil tankers had been struck by naval mines in the Strait of Hormuz, resulting in explosions and fires. The military force stated the vessels were hit in the southern part of the strait the previous night and were now unable to proceed. The Guards emphasized that passage through the strait is illegal without Iran's consent.

Recent weeks have seen intensified attacks on shipping in the Strait of Hormuz, primarily targeting oil tankers and cargo vessels navigating a southern route close to the Omani coast. The US Navy has been escorting civilian vessels along this route for months to restore oil and liquefied natural gas trade. Analysts suggest Iran is attempting to exert pressure on US President Donald Trump through rising energy prices prior to the November 3 midterm congressional elections.

Oil trade through the Strait of Hormuz remains disrupted, with the seven-day average for crude oil exports at 82% of pre-war levels on Sunday, according to Kpler data. However, exports of refined products like petrol were only around 44% of pre-war levels. Lloyd’s List reported a minor decline in transits through the strait the previous week, particularly impacting tankers and liquefied gas carriers.

Iran ramped up attacks on ships during the week of October 5-11, as energy trade in the region has partially recovered compared to the peak of the conflict.