Iran Ship Seized Strait of Hormuz May 2026: Haji Ali Sinks, Oil Hits $108

# Iran Ship Seized Strait of Hormuz May 2026: Haji Ali Sinks, Oil Hits $108

> **Quick answer:** In a double escalation late Friday, an unnamed vessel was seized 38 nautical miles northeast of UAE's Fujairah port and taken toward Iranian waters, while the Indian-flagged cargo ship Haji Ali sank off Oman after a suspected drone strike — 14 crew rescued. Brent crude jumped $2.50 to $108.22 (+2.4%). With Polymarket pricing just 7% odds on a US-Iran deal by May 31, the oil market is pricing in further disruption.

Two incidents in the span of hours on May 14–15 just reset the Iran ship seized Strait of Hormuz May 2026 oil price calculus for Saturday morning traders. A vessel seized off Fujairah. A livestock carrier sunk off Oman. Oil crossing $108. Each incident, taken alone, is serious. Together, they represent the most concentrated escalation the strait has seen in weeks — and markets answered before the week closed.

> **Disclaimer:** This article is for informational purposes only and does not constitute financial advice. Consult a qualified financial advisor for personal financial decisions.

## The Fujairah Seizure: What the UK Maritime Agency Reported

The vessel seized Thursday was at anchor 38 nautical miles (roughly 70 kilometers) northeast of Fujairah — the UAE's critical oil export terminal that sits just outside the strait's entrance on the Gulf of Oman side. That positioning matters: Fujairah is the last major bunkering and loading point before vessels enter or exit Hormuz. Seizing a ship there is not an accident of geography. It is a statement.