An attack by an unknown party on two oil tankers in the Gulf of Oman has put the Arabian/Persian Gulf region on edge.  After the possible Iranian attack on three vessels offshore the Emirati port of Fujairah last month, the current attack could be setting the scene for a direct military confrontation. Two tankers, the Front Altair and the Kokuka Courageous, both filled with petroleum and chemical products, such as methanol, were “suspected to be hit by a torpedo”. This statement was made by Taiwanese company KPC and Front Altair’s owner, Norwegian company Frontline and has also been confirmed by the operator of the Kokua Courageous, Bernard Schulte Shipmanagement, which claimed that the ship was damaged in a “suspected attack.”   

The last hours, search and rescue operations have been performed by the US, Iran and others. No direct accusations have been made at present, but indicators point to Iran or Iranian proxies, even as Tehran already has denied any involvement.  The oil market is in a state of shock, and many analysts weren’t expecting an increased military escalation between Iran and its Arab neighbors. After the Fujairah attacks, tensions have eased somewhat, but today’s attacks could end the status quo in the Strait of Hormuz.