Two UAE oil tankers were struck by Iranian missiles on Tuesday while transiting Omani territorial waters along the southern route of the Strait of Hormuz. The attack killed one crew member and injured eight others, and caused material damage and fires on board that were later brought under control. The incident comes amid escalating security risks in the Strait of Hormuz, one of the world's most critical maritime corridors. It adds further pressure on tanker movements and energy supply chains, with the effect likely to appear in war risk insurance premiums and freight rates on Gulf routes.