Revolutionary Guard reports three tankers on fire in Strait of Hormuz as talks continue
Iran's Revolutionary Guard says three tankers are on fire in the Strait of Hormuz while talks continue. The claim comes from a party to the confrontation and has not been independently confirmed, so the cause, the vessels and the damage remain open questions. The strait carries a large share of the world's seaborne oil, and real disruption moves freight rates, war-risk cover and fuel prices within hours. Separately, Iranian lawmakers are calling for withdrawal from the NPT, which adds political pressure to the negotiations. Companies with cargo, crew or contracts exposed to the Gulf should confirm vessel positions with their operators now and check whether war-risk clauses have been triggered. Energy-intensive businesses in Europe should review fuel and supply exposure for the coming week. Crew welfare plans and escalation contacts need to be current before markets open on Monday.