Tanker set ablaze after being struck by projectile in the Strait of Hormuz off the coast of Oman

A tanker traveling through the Strait of Hormuz near Oman caught fire after being hit by a projectile, with suspicion falling on Iran for the attack. This incident is part of a series of attacks on vessels in this critical waterway, which is vital for global oil and natural gas trade. The U.S. is keen to negotiate with Iran to reopen the strait and address Iran’s nuclear program, but tensions remain high, especially after previous retaliatory strikes. Talks are currently paused following the death of Iran’s Supreme Leader Ayatollah Ali Khamenei. Iran has warned that any deviation from its approved routes in the strait will be met with force, and it insists on controlling vessel routes, challenging long-standing practices. QUESTION: How might ongoing tensions in the Strait of Hormuz impact global energy markets and international relations? 

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