ADNOC L&S confirmed significant damage after two tankers were struck in the Strait of Hormuz on 14 July, killing one seafarer and injuring others. The incident does not establish an immediate European shortage, but it reinforces the energy-price and confidence risks facing Luxembourg.
The United States has intensified strikes on Iran and restored a naval blockade as Tehran retaliates across the Gulf. The confrontation threatens wider war and renewed disruption to global energy supplies.
Iran is holding a vast, days-long funeral for slain supreme leader Ali Khamenei, choreographed as a demonstration of regime strength even as his successor son Mojtaba stays out of view.
After all but closing the Strait of Hormuz since late February, Iran turned the world's busiest oil chokepoint into a tollbooth, charging tankers up to $2 million a crossing. A US-brokered memorandum has paused the fees for 60 days, but the dispute over whether a state can charge the world to cross an international strait is far from settled.