Strait of Hormuz on Fire: A Wake Up Call for Global Stability A tanker was set ablaze after being hit by an "unknown projectile" near Oman's coast in the Strait of Hormuz, sending shockwaves through the global energy market and highlighting the fragility of the region's peace.
The incident underscores the vulnerability of this critical waterway, which carries over 20% of global oil exports.
The ceasefire between the United States and Iran is still in its infancy, and incidents like these serve as a stark reminder that lasting peace agreements are only as strong as their weakest link.