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Korean Cargo Ship Hit Near Strait of Hormuz

South Korea says two unidentified flying objects struck a Korean-operated cargo ship near the Strait of Hormuz on May 4, and an investigation is underway. The incident raises fresh concern about commercial shipping safety in a corridor that carries about 20% of global oil trade.

Cargo Ship Attacked Near Strait of Hormuz

A cargo ship near the Strait of Hormuz reported being attacked by multiple small craft, the UK's Maritime Trade Operations center said Sunday. The incident threatens to push up shipping insurance costs in one of the world's most critical oil transit routes.

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