Market Extra: Strait of Hormuz: Oil choke point in focus after U.K. navy quashes Iranian attempt to block tanker

The Strait of Hormuz, a waterway often described as the most sensitive choke point for global crude oil supplies, was thrown into the spotlight again Thursday after the U.K. Defense Ministry said a British warship scared off three Iranian vessels that attempted to block the passage of an oil tanker through the Persian Gulf.

The ministry said the warship trained its guns on the vessels after they attempted to impede the British Heritage, a U.K.-flagged tanker carrying oil for British petroleum company BP PLC BP, +0.23%BP, +0.02% .

Oil futures rose in early morning trading following the incident, but subsequently pulled back.

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