Iranian missile likely involved in attack on ship in Strait of Hormuz, South Korea says - Reuters

South Korea has attributed an attack on a vessel in the Strait of Hormuz to an Iranian missile, raising immediate fears of escalation in one of the world's most critical oil chokepoints. Roughly 20% of global oil supply transits the Strait, so any sustained threat to navigation creates a sharp upside risk premium in crude and lifts tanker rates and defense names.