ADNOC Confirms Vessel Targeted in Hormuz Early Saturday

Hyperdash NewsCommodities

ADNOC confirmed that one of its vessels was targeted in the Strait of Hormuz early Saturday. The incident occurred in the critical shipping lane, raising concerns about potential disruptions to oil supply.

This development introduces increased geopolitical risk for the oil market. The Strait of Hormuz is a vital chokepoint for global oil shipments. The early reaction on Hyperdash:

WTI Crude down -0.08%, Brent Crude down -0.05%.

SourcesZeroHedge

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