In this episode of What's Going on With Shipping, Sal Mercogliano examines the sharp escalation of maritime attacks in the Strait of Hormuz, highlighted by the striking and sinking of the Singapore-flagged container ship GFS Pride and damage to GFS Gazelle. In this video, we cover: ⚓Escalation in Hormuz: The dramatic rise in targeted attacks against commercial merchant shipping since late September. ⚓The Sinking of GFS Pride: Analysis of the attack, the damage sustained, and the safe evacuation of all 21 crew members. ⚓US Central Command: Responds to the IRGC's comments about attacking US warships and the comments on "control" of the Strait of Hormuz ⚓Method of Attack: Breaking down potential attack vectors, from unmanned surface vessels (USVs) striking the stern counter to drone or missile strikes. ⚓Global Shipping Repercussions: What widening attacks in this vital chokepoint mean for international trade, maritime security, and commercial transit routes. Contact What's Going on With Shipping via: Patreon: www.patreon.com/wgowshipping Twitter: @mercoglianos Bluesky: @mercoglianos.bsky.social Facebook: @wgowshipping Email: mercoglianosal@gmail.com 00:00 – Introduction: Escalation in the Strait of Hormuz 01:18 – Sinking of the GFS Pride & Attack on GFS Gazelle 02:40 – US CENTCOM Response & Defense Questions 04:55 – Multi-Ship Attacks & UKMTO / IMO Reports 08:00 – Shipping Casualties: GFS Pride & Cape Dao 08:36 – Impact on Oil Prices & Freight Rates 10:53 – VLCC Tanker Market & Economic Fallout 13:16 – Geopolitical Realities & Conclusion Containership Sinks as Hormuz Attacks Spiral Out of Control https://gcaptain.com/containership-sinks-as-hormuz-attacks-spiral-out-of-control/# US Central Command Statement on X https://x.com/CENTCOM/status/2110108416077123910 Six Ships Struck in Single Day as Hormuz Attacks Accelerate https://gcaptain.com/new-reports-reveal-five-more-ships-hit-near-hormuz/ Update: Singapore confirms container ship sunk in Hormuz amid fresh Iran attacks