A fully loaded Kuwaiti crude oil tanker was struck in an Iranian attack while anchored off Dubai, officials say.
Authorities said the vessel sustained hull damage after being hit, sparking a fire and raising concerns over a potential oil spill.
Emergency crews have since brought the blaze under control and are assessing the extent of the damage.
The incident marks the latest escalation in a series of maritime attacks in the Gulf and Strait of Hormuz since the US and Israel attacked Iran on February 28.
The Kuwaiti Petroleum Company said the tanker, Al Salmi, was fully loaded.
The vessel is huge, with a capacity of two billion barrels, so if an oil spill did occur the environmental impact would be catastrophic.
However, in an update on Tuesday morning, the Dubai media office confirmed there had been no leakage from the Kuwaiti crude oil tanker.
“Dubai authorities confirm that response teams have successfully contained the incident involving the Kuwaiti oil tanker in Dubai waters, with no oil leakage and no injuries reported,” it said on X.
US President Donald Trump posted a video on Truth Social showing a large explosion in the Strait of Hormuz. However, the post included no caption, and it remains unconfirmed whether the footage depicts the fire onboard the Kuwaiti oil tanker.
No injuries were reported in the blaze and all 24 crew members are safe, authorities confirmed.
Brent crude futures were up over 2% at $115.17 per barrel in early Asian hours after the news of the attack on the tanker in Dubai, but retreated a bit after the Wall Street Journal reported that President Donald Trump is willing to end the war even if the Strait of Hormuz remains closed.
Brent is on course for a 59% surge in March, its largest monthly gain on record due to the war in the Middle East.
Earlier on Monday, a Greek-owned container ship located off the coast of Saudi Arabia's Ras Tanura reported two separate incidents where projectiles hit water near the vessel, maritime security experts said.
A representative from the Liberian-flagged Express Rome reported two unknown projectiles splashing into the water near the container ship approximately 22 nautical miles (40.7 km) northeast of Ras Tanura at 1352 GMT. The incidents occurred within one hour of each other and the crew was reported safe, British maritime risk-management group Vanguard said.
The Islamic Revolutionary Guard Corps previously claimed to have attacked the Express Rome on March 11, Vanguard said.
The operator of Express Rome did not immediately comment.
No group has claimed responsibility for the strike on the oil tanker or the projectiles.
