Tankers ablaze after collision near Strait of Hormuz

Two oil tankers caught fire today, June 17, following a collision near Strait of Hormuz, raising concerns in global oil and shipping markets that closely monitor navigation in the region, Bloomberg reported.

The accident is also deemed alarming especially amid the ongoing attacks that are being exchanged between Iran and Israel since last week.

The vessels — Adaline and Front Eagle — collided approximately 24 nautical miles east of Khor Fakkan, in what appears to be an incident unrelated to the escalating geopolitical tensions in the Middle East, the news agency added.

UK-based maritime security firm Vanguard Tech reported that no foul play is suspected at this stage. The fires have been contained and all crew members were reported safe.

Daniel Smith, an analyst at Ambrey, stated, “As of this writing, we can only confirm that this is not a security incident. Investigations into the cause are ongoing,” without providing further details.

Shipments through Strait of Hormuz accounted for more than quarter of global seaborne oil trade in 2024 and Q1 2025, and roughly one-fifth of total global oil consumption.