For a few weeks, energy markets had begun to believe the worst was over. Oil prices had retreated, ships were gradually returning to the Strait of Hormuz and last month's US-Iran framework agreement had raised hopes that one of the world's busiest energy corridors could move closer to normal. Tuesday's attack on a Qatari liquefied natural gas (LNG) carrier may have challenged that assumption.
Iran's Revolutionary Guards fired at least two missiles at commercial ships passing through the Strait of Hormuz on Monday night, according to an Axios report citing two US officials.