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[Oil Tanker Attack in the Strait of Hormuz Leaves 2 Missing, Crude Oil Transport Costs Hit Record High] The situation in the Strait of Hormuz remains tense. The Omani oil tanker ELGAIA was attacked and caught fire, with 23 crew members rescued and 2 missing. Iran shot down a U.S. military drone, while the U.S. military destroyed two Iranian small vessels. U.S. Treasury Secretary Besent stated that efforts are underway to eliminate the Iranian threat, and the Trump administration plans to sell $2.8 billion worth of ammunition to Israel. Due to the situation, the cost of transporting a fully loaded VLCC carrying U.S. crude oil to Asia has risen to $44.8 million, setting a historical record. (Source: Jin10)