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Hormuz Traffic Craters to Four Ships as Iran-U.S. Strikes Escalate

Hormuz Traffic Craters to Four Ships as Iran-U.S. Strikes Escalate | EN590 Commodities Group
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Hormuz Traffic Craters to Four Ships as Iran-U.S. Strikes Escalate

September 02, 2026
Source: oilprice.com
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Hormuz Traffic Craters to Four Ships as Iran-U.S.

Strikes Escalate Two sailors have died from Monday’s attack on a Saudi oil tanker in the Strait of Hormuz, with Riyadh now formally accusing Iran of targeting the Bahri-owned Sidr as Tehran launches a new wave of missile and drone strikes against U.S.

Bahri confirmed Wednesday that the two Filipino crew members were killed in the attack.

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Saudi Arabia’s Foreign Ministry condemned Iran for targeting the tanker and reiterated its rejection of attacks threatening “the security and safety of maritime navigation and global energy supplies.” The Sidr wasone of two supertankers hitnear Oman late Monday while attempting to leave the Persian Gulf.

UK Maritime Trade Operations initially reported that a tanker had been struck by three unknown projectiles, with no casualties reported at the time.

SetOilPrice.comas a preferred source in Googlehere.

Riyadh has not threatened military retaliation, but the deaths aboard the Sidr sharply raise the stakes for Saudi Arabia.

Iran is now accused of killing crew aboard a tanker operated by the kingdom’s state shipping company as U.S.

and Iranian forces exchange strikes across the Gulf.

Iran launchedmissiles and drones against U.S.

military facilities in Iraq, Kuwait and the UAE on Wednesday after U.S.

forces struck Iranian air defenses, radar systems, maritime assets and mine-laying capabilities a day earlier.

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Indicative Market Prices September 02, 2026 19:49 UTC
ProductPriceChange
Brent Crude$102.14/bbl +0.34%
WTI Crude$96.90/bbl +0.21%
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Mazut M100$450/MT -0.15%
Bitumen 60/70$470/MT +0.08%
Sulphur Gran 99.5%$470/MT -0.44%
Urea 46% Gran$650/MT +1.12%
NPK 16-16-16$460/MT -0.28%
Nat Gas TTF$15.42/MMBtu +0.92%
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