● HORMUZ TANKER ATTACKS HIT RECORD WEEKLY PACE

Oil tankers in the Strait of Hormuz suffered 12 attacks in the week of September 28 to October 5, the highest weekly count since the US-Iran war began on February 28, according to maritime security sources tracking the conflict. That broke the previous record of 8 attacks, set during the week of July 13. Gulf oil exporters had only briefly clawed back to pre-war production levels earlier in September, and the renewed pace of strikes on tankers now threatens that recovery, keeping risk priced into crude and into $USO.