market medium confidence

Vessel Struck Near Qeshm Island Kills One as Hormuz Shipping Runs 90% Below Pre-War Levels, Renewing Oil-Supply Risk Into FOMC Week

| Recession Risk

A merchant vessel was hit by an unidentified projectile in the early hours of September 13 near Qeshm/Hengam Island in the Strait of Hormuz, roughly 14 miles from Iran's Bandar Abbas port, according to the UK Maritime Trade Operations Centre (UKMTO). Iranian state broadcaster IRIB said one crew member was killed and several others wounded; a fire broke out and local authorities evacuated the remaining crew. Neither Iran nor the US military claimed responsibility. The attack lands one day before Iran's planned regional shipping-management briefing and just two days ahead of the September 15-16 FOMC meeting, keeping a fresh war-risk premium in oil heading into the week. Commercial shipping through the strait has now fallen roughly 90% from its pre-conflict baseline of about 20 million barrels a day, per shipping-industry tracking cited in the wake of the strike — underscoring why the still-unresolved Hormuz campaign keeps showing up directly in US inflation data (the diesel-driven August PPI spike) rather than staying a contained regional story.

A vessel was struck by an unidentified projectile near Qeshm Island in the Strait of Hormuz, killing one crew member and renewing the oil-supply risk premium ahead of the September FOMC meeting
A vessel was struck by an unidentified projectile near Qeshm Island in the Strait of Hormuz, killing one crew member and renewing the oil-supply risk premium ahead of the September FOMC meeting — Marine Insight