An Iranian missile struck another ADNOC-owned vessel in the Strait of Hormuz early on Saturday, marking the sixteenth attack on the UAE energy company's fleet since the United States and Israel entered armed conflict with Iran in February.

The UAE government reported that the vessel was hit while transiting Hormuz. No casualties were reported, and ADNOC confirmed the situation was brought under control. The UAE foreign ministry condemned the strike as an act of piracy and called on Tehran to cease targeting commercial shipping and fully reopen the strategic waterway.

ADNOC disclosed on Friday that 15 of its vessels had previously been targeted by missiles and drones since the conflict began in February. One seafarer has been killed and 20 others injured across those attacks.

The latest incident occurred as negotiations over restoring maritime traffic through Hormuz remain deadlocked. Iran has demanded sanctions relief, compensation for war damage, and the withdrawal of US forces from the region before fully reopening the strait. Hormuz normally carries roughly a fifth of global oil consumption through its narrow channel, making it one of the most consequential energy transit chokepoints in the world.

Further west, Houthi forces claimed responsibility for a drone attack on Saudi Aramco's 400,000 barrel-per-day Jazan refinery on Sunday. Saudi Arabia's energy ministry confirmed that a fire broke out at the Red Sea facility but was extinguished without injuries. The ministry did not specify the cause of the blaze.

The Houthis also launched missile and drone attacks on the Yemeni port of Mocha, near the Bab el-Mandeb strait, killing seven people and causing severe damage to port infrastructure, according to Yemen's internationally recognised government. Bab el-Mandeb is a second critical maritime route, linking the Red Sea to the Gulf of Aden and handling substantial volumes of trade between Europe and Asia.

The refinery strike follows the Houthis' declaration of a naval blockade against Saudi Arabia last month, accompanied by an escalation of attacks on Saudi-linked tankers and Red Sea infrastructure.

Meanwhile, the financial toll of the Hormuz conflict has materialised for Thailand's Precious Shipping. The company received $10.9 million from war-risk underwriters following the loss of the 30,193 dwt bulk carrier Mayuree Naree, which was struck by two projectiles while transiting Hormuz on March 11 — one of the most high-profile shipping casualties in the US-Iran war to date.

The attack triggered a major engine-room fire. Three crewmembers died, and the 2008-built vessel subsequently grounded off Iran's Qeshm Island before being declared a constructive total loss. Precious Shipping said the payout, received in April, primarily covered the loss of the vessel and compensation for crewmembers and their families.

Source: Splash247