Cargo ship attack test, reopening of the Strait of Hormuz
Oil tankers and cargo ships anchored off the coast of Oman on 23 June. (Elke Scolliers/Getty Images) June 25, 2026 4:00 PM, EDT key takeaways: An unidentified cargo ship has crashed near Oman after several ships capsized while attempting to exit the Strait of Hormuz. Oil prices rose as the incident threatened weak confidence in