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Two Tankers Catch Fire, Ships Hailed as Hormuz Fears Grow

Takeaways by Bloomberg AI

Two giant ocean-going tankers collided and caught fire and two other ships were approached by Iranian boats near the Strait of Hormuz energy chokepoint, rattling global oil and shipping markets already on high alert.

The Front Eagle, an 1,100-foot (335-meter) supertanker known as a very large crude carrier, and a smaller vessel called the Adalynn, crashed into each other off the coast of the United Arab Emirates at 00:15 local time on Tuesday, Frontline Plc, the owner of the first vessel said by email. The incident was “navigational” and “unrelated to the current regional conflict,” it said.