Iran fires on tanker, threatens cruise ship as Hormuz strait re-closed

Iran’s Revolutionary Guards fired on the India-flagged tanker Sanmar Herald in the Strait of Hormuz, damaging bridge windows, and threatened to “destroy” the Malta-flagged cruise ship Mein Schiff 4, according to UKMTO and Vanguard Tech. A container ship also reported damage from an unknown projectile. Despite a brief Friday reopening, Iran reversed course Saturday, resuming strict management after announcing a ceasefire-related respite. Tracking data showed only a handful of oil and gas tankers crossed early Saturday before most turned back near Larak Island, with MarineTraffic showing several crude tankers and four French-owned CMA CGM container ships making U-turns. The strait carries about a fifth of global oil and LNG; the closure traps hundreds of ships in the Gulf and has already driven up oil prices and shipping costs. For Nigeria, a major crude exporter, higher oil prices may boost export revenues, but increased freight costs and potential fuel price hikes could raise inflation and affect household budgets. Importers should monitor landed costs, exporters may benefit from stronger crude prices, and all businesses should consider hedging against fuel volatility. Will you adjust your budget for expected fuel price increases, explore alternative supply chains, or wait for the situation to stabilize?

SOURCE: https://www.channelstv.com/2026/04/18/trade-ships-hit-in-hormuz-as-iran-recloses-strait/