Iranian media on Sunday reported that an oil tanker exploded after allegedly striking a naval mine in the Strait of Hormuz after deviating from a shipping route designated by Tehran.

Foreign Ministry spokesman reports progress in talks with Oman over mechanisms for maritime traffic in key waterway.

Tanker explodes in Strait of Hormuz after hitting a naval mine. WTI reaching $110 in July 2026 at 1.1% YES.