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Sinking Ships

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Sinking Ships

Plus: The scourge of the scrunch-butt, Anthropic prepares to IPO, and more...

Liz Wolfe | 10.15.2026 9:30 AM

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A partially sunken vessel, listing heavily, is seen in waters off Bandar Abbas, southern Iran, on October 8, 2026, in the aftermath of the war and attacks targeting naval assets in the Strait of Hormuz. (Behnam Tofighi/UPI/Newscom)

Two ships sink: "A ​container ship and a dry bulk carrier have both sunk near the Strait of Hormuz in the past ‌24 hours after being hit by projectiles in separate incidents, maritime officials said on Wednesday," reports Reuters. One ship was Singapore-flagged and the other was Antigua and Barbuda–flagged; one crew member has died so far, but the majority were safely evacuated. "Attacks around the waterway have surged over the past 10 days, with Iran saying it is stepping up strikes in response to the US blockade of its ports and tougher sanctions introduced last month." Basically, Iran is escalating because the U.S. naval blockade—reinstated in July—has choked off its new oil exports, and Tehran's answer is to make sure no one else's oil gets out either. Shipping volumes in the Strait have plunged as attacks have escalated.

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These two are the third and fourth commercial ships to have been sunk since the Iran-U.S. war began in February, depending on how you count. The India-flagged Haji Ali went down off the coast of Oman, and the Malta-flagged container ship Safeen Prestige was........

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