Dow Jones closes nearly 300 points lower Tuesday as Israel-Iran conflict intensifies

Jun 17, 2025 10:08 PM ISTUS Stock Market LIVE Updates: Two Tankers Catch Fire, Ships Hailed as Hormuz Fears GrowTwo giant ocean-going tankers collided and caught fire and two other ships were approached by Iranian boats near the Strait of Hormuz energy chokepoint, rattling global oil and shipping markets already on high alert.
 
The Front Eagle, an 1,100-foot (335-meter) supertanker known as a very large crude carrier, and a smaller vessel called the Adalynn, crashed into each other off the coast of the United Arab Emirates at 00:15 local time on Tuesday, Frontline Plc, the owner of the first vessel said by email. The incident was “navigational” and “unrelated to the current regional conflict,” it said.
 
Separately, two vessels were hailed by Iranian small craft near the vital waterway in the last 36 hours, the Joint Maritime Information Center said in a daily update.
 
“Though not out of the ordinary, it remains noteworthy during regional tensions,” according to the Bahrain-based naval coalition that seeks to keep commercial shipping safe in and around the Persian Gulf.

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