Another Tanker Struck as Hormuz Shipping Crisis Deepens

Yet another tanker has been struck by a projectile in the Strait of Hormuz, the UK Maritime Trade Operations said today, as quoted by DPA. The report follows earlier attacks that continue despite efforts on the part of Pakistan and other interested parties in the region to bring Iran and the United States to the negotiating table and end the shipping disruption in the chokepoint. So far, there is little evidence these efforts are producing any results, yet oil traders appear to be unshakeably optimistic, despite the reports about tanker strikes…