'Floating Armoury' Ship Reportedly Seized by Iran
The BBC reported that Iran has seized a 'floating armoury' ship in the Gulf, used to store weapons for private security personnel. The incident has reignited tensions around the Strait of Hormuz. Oil prices reacted cautiously to the news.

The BBC reported that Iranian forces have detained a 'floating armoury' vessel in Gulf waters near the Strait of Hormuz that stores weapons and ammunition for private security companies. Such ships are used to keep the equipment of armed protection teams working in commercial shipping outside port jurisdictions.
Observers said the incident is a fresh flashpoint along the ongoing line of confrontation between Iran and the West. Tehran has not yet issued an official statement; the vessel's flag state, crew size and detention port remain unconfirmed. The UK Maritime Trade Operations issued cautious routing advisories to ships in the area.
Brent crude futures showed some volatility on the news but no major spike. Investors recalled that increased military activity around the Strait of Hormuz in recent weeks has already pushed insurance premiums and shipping costs higher. US and UK defence sources have not confirmed plans for additional naval protection missions in the area.
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