
About 3.5% of the world's very large tanker fleet was attacked and damaged in the war. Experts say Iran is using this to put pressure on the global energy market.
AI-generated summary
Since the conflict broke out in February, attacks on merchant ships have continued to occur in the Strait of Hormuz and surrounding waters, affecting global crude oil transportation.
According to data compiled by a Washington think tank, there have been at least 28 attacks on merchant ships in the Strait of Hormuz and surrounding waters in October, setting a single-month record. About 3.5% of the world's very large tanker fleet has been attacked and damaged in this war.
Reuters reported on the 23rd that Noam Raydan, a senior researcher at the Washington Institute for Near East Policy, a Washington think tank, said that "October was the month with the highest number of attacks on ships on record." Tracking data from the think tank's interactive shipping incident map maintained by Redan shows that there have been 28 confirmed or reported ship attacks in the Strait of Hormuz and surrounding waters in October, bringing the total to 113 since the start of the war in February. The think tank’s tracking map shows that most of the ship attacks in September and October were concentrated in the Strait of Hormuz.
The think tank's data is broadly consistent with statistics from the United Nations' International Maritime Organization (IMO), which has recorded a total of 120 such incidents in the Strait of Hormuz and wider Middle East waters since the war began. Reuters compared IMO records and ship tracking website MarineTraffic data and found that more than 30 very large crude carriers (VLCC) have been damaged in these attacks, 11 in October alone.
Each VLCC class tanker can carry approximately 2 million barrels of crude oil. The number of damaged very large tankers recorded above accounts for approximately 3.5% of the world's more than 900 VLCC fleet. With daily freight rates rising above US$1 million and regional oil-producing countries offering greater discounts to Dated Brent crude oil, shipowners are increasingly willing to sail into the Persian Gulf to load crude oil, but this has also exposed more tankers to the risk of attack.
Marisks, a Greek maritime risk consulting company, pointed out that "October has become the most intensive period of maritime attacks in the Strait of Hormuz and surrounding areas since the conflict escalated in March." In just one week from October 5 to 11, 12 ships were attacked, which also set a single-week record since the outbreak of the war.
Redan said Iran is seeking to slow down the recovery of shipping by intensifying attacks on ships and continue to put pressure on global energy markets ahead of the U.S. midterm elections in November. Reuters also recently quoted two senior Iranian officials as saying that Tehran is adopting such a strategy.
Data from the British maritime security agency "Maritime Trade Action Office" (UKMTO) also shows that the number of ships damaged due to attacks increased significantly in October. As of October 16, 135 ship attacks related to the US-Iran conflict were recorded; however, due to insufficient voluntary notifications by shipping companies, it is difficult for them to grasp the complete situation.

North Korean leader Kim Jong Un arrived in Dandong, China via the newly opened Yalu River Bridge, and is believed to have met with Chinese Premier Li Qiang, according to Yonhap News Agency and lawmakers. It is speculated that this visit is aimed at strengthening economic and trade cooperation and paving the way for the US-North Korea summit. It also takes place against the backdrop of the explosion in the Demilitarized Zone and the proximity of North Korea and Russia.

The Ukrainian government said that the Starlink and StarShield satellite networks have restored stable connections, after the system's connection problems caused tensions between Ukraine and the United States in the past few days. The Ukrainian Defense Minister attributed this to President Zelensky's firm stance.

Indonesian officials said that in order to prioritize domestic demand, they will cut natural gas exports to Singapore by 31 million standard cubic feet per day starting from the 24th. The move comes as the two countries are at loggerheads in regional diplomacy over wildfires and haze.

Wang Huning, member of the Standing Committee of the Political Bureau of the CPC Central Committee and Chairman of the National Committee of the Chinese People's Political Consultative Conference, accompanied Kim Jong-un, General Secretary of the Workers' Party of Korea and Chairman of the State Council, to visit Dandong on the 24th. He laid a flower basket at the Memorial Tower to Resist U.S. Aggression and Aid Korea, visited the memorial hall and automobile factory, and held a meeting on deepening the traditional friendly cooperative relations between China and North Korea.

North Korean leader Kim Jong-un visited the Chinese border city of Dandong on Saturday in his first trip to China in over a year.

The 2026 Global Governance Forum (Xiong'an) held a conference speech on the 24th. Former Nepali President Bhandari called on China, Nepal, India and other Himalayan countries to strengthen cooperation to deal with climate change, and affirmed China's global governance initiatives.