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Ship Sinks in Strait of Hormuz as Iran Escalates Maritime Attacks

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Ship Sinks in Strait of Hormuz as Iran Escalates Maritime Attacks | Gold market brief illustration

Iran has quite obviously been surging its attacks on commercial shipping in the Strait of Hormuz in an attempt to wreak uncertainty and economic havoc for the Trump administration ahead of the November midterm elections, undermining a recent recovery in Persian Gulf oil shipments. The attacks are now coming so frequently it is difficult to track. One source tallies of recent days, "Twelve vessels were attacked between October 5 and 11, including six on Sunday alone, and on Tuesday a tanker and a container ship were struck by unknown projectiles,…

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