Iranian Revolutionary Guard cruise missiles struck two Emirati oil tankers in the Strait of Hormuz on July 13, 2026 [1].
The attack targeted one of the world's most critical energy transit points, triggering immediate volatility in global energy markets and escalating tensions between Iran and the West.
One crew member died and eight others were wounded in the strikes [1]. The United Arab Emirates confirmed the hits on the two vessels [1]. While some reports suggested a drone strike was used, other reports said the Revolutionary Guard used cruise missiles [1].
Iran said the attacks were retaliation for recent U.S. strikes against Iranian interests [2]. The strikes occurred during a period of heightened military activity in the region.
Global markets reacted sharply to the violence in the strait. Oil prices surged by more than nine% following the incident [2].
The Strait of Hormuz serves as a primary artery for global oil shipments. Any disruption to the flow of tankers through this narrow waterway typically leads to rapid price increases, and international diplomatic pressure.
“One crew member died and eight others were wounded in the strikes”
The targeting of commercial shipping in the Strait of Hormuz signals a shift toward asymmetric retaliation by Iran. By striking Emirati vessels in response to U.S. military actions, Iran is demonstrating its ability to disrupt global energy supplies to exert economic pressure on the international community, specifically targeting the stability of the oil market to influence U.S. foreign policy.
