Iranian tanker catches fire in Strait of Hormuz after mine strike

Iranian state media reports an oil tanker fire in the Strait of Hormuz following a mine incident. Energy supply disruptions at this critical chokepoint typically move crude prices and CAD; however, markets have priced geopolitical escalation as structural rather than decision-moving. Oil reaction will signal whether traders see this as a tactical incident or escalation demanding repricing of central-bank inflation paths.