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Oman reported that two sailors went missing after a tanker, identified as El Gaia, was attacked in the Strait of Hormuz. Iran said the vessel caught fire after striking mines, while the United States said it was hit by a missile and then a drone, reflecting the sharply diverging accounts amid the wider Iran-US conflict. The incident underscores the danger to shipping in the strait, which Iran has vowed to keep closed until its conditions are met. The disruption is also having economic ripple effects: Qatar's state energy company QatarEnergy said the Hormuz crisis may delay expansion projects, including LNG trains under its North Field expansion, because critical equipment cannot reach Qatar, with the company currently producing only a 'very minute' volume of LNG.

3 outlets · 3 articles · first seen Sep 16, 10:49 PM ET

What this touches in markets

Stored closes for the instruments tied to this story's tags and places, with their dates.

  • WTI Crude Oil closed at 88.12, down 8.29%, on 2026-11-04. Listed for: Persian Gulf / Strait of Hormuz.
  • Brent Crude Oil closed at 94.62, down 8.67%, on 2026-11-04. Listed for: Persian Gulf / Strait of Hormuz.

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