First Chinese product tanker attacked on Monday near the Strait of Hormuz, Caixin reports

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A large refined-products tanker owned by a Chinese shipowner was attacked off the UAE’s Al Jeer Port on May 4, at the entrance to the Strait of Hormuz, Chinese media Caixin reported on Thursday.

The vessel’s deck caught fire and the ship was marked ”CHINA OWNER & CREW”, according to Caixin.

A person with knowledge at the shipowner told Caixin this was the first time a Chinese oil tanker had been attacked, calling it ”psychologically very hard to accept.”
In seperate development the United States and Iran are edging toward a limited, temporary agreement to halt their war, ​sources and officials said on Thursday, with a draft framework that would stop the fighting but leave the most contentious issues unresolved.

The emerging plan centres on a short-term memorandum rather than a ‌comprehensive peace deal, underscoring deep divisions between the two sides and signalling that any agreement at this stage would be an interim step.

Hopes that even a partial deal could lead to the reopening of the Strait of Hormuz have already moved markets, with global stocks approaching record highs on Thursday and oil prices nursing steep losses on bets that supply disruptions could ease.

Tehran and Washington have scaled back ambitions for a sweeping settlement as differences persist, particularly over Iran’s nuclear programme — including the fate of its highly enriched uranium stockpiles and how long ​Tehran would halt nuclear work.

Instead, they are working toward a temporary arrangement aimed at preventing a return to conflict and stabilising shipping through the strait, the sources and officials said.

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