Tanker catches fire after projectile strike near Strait of Hormuz amid US-Iran tensions

Iran's military launched at least two missiles at commercial ships in the Strait of Hormuz on Monday night, including a tanker near the Omani coast. These attacks occurred after a one-week agreement between the U.S. and Iran expired, threatening a recently signed memorandum of understanding. Rising U.S.-Iran tensions now jeopardize global oil supply stability and international trade. U.S. officials indicate that the United States is likely to retaliate with strikes against various Iranian targets.