The GasLog Shanghai, a liquefied natural gas tanker loaded in Qatar, was struck while exiting the Strait of Hormuz, marking the second attack on a Qatari LNG vessel in the corridor within a month.

The incident follows the earlier strike on the Al Rekayyat, compounding concerns over the safety of energy shipments through the critical chokepoint.

QatarEnergy has extended its force majeure declaration to cover three additional cargoes, according to Italian utility Edison.

The widening scope of the declaration highlights the operational challenges facing exporters as insurance premiums for transit through the region continue to climb.

The escalation in physical attacks comes despite recent diplomatic signals.

Iran has indicated progress in talks regarding the Strait of Hormuz, a development that previously helped ease tensions and contributed to a 4.5% drop in Brent crude prices earlier in the week.