UN IMO pauses Strait of Hormuz evacuation after cargo ship attack

The UN's International Maritime Organization (IMO) has paused its planned evacuation of more than 11,000 sailors stranded in the Strait of Hormuz. The decision comes after a Singapore-flagged cargo ship was attacked while transiting the strategic waterway, as reported by the BBC.

The Strait of Hormuz is a critical chokepoint for global oil and LNG shipments. The attack raises risks for maritime traffic in the region, potentially affecting energy supply routes. No group has claimed responsibility for the incident, and details on casualties or damage remain limited.

Market participants are watching for escalation that could disrupt tanker movements and impact crude oil prices. The IMO has not announced a new timeline for the evacuation.