Recent escalation of Iranian Revolutionary Guard Corps projectile and drone strikes on commercial vessels in the Strait of Hormuz has driven elevated trader focus on daily targeting risk. Multiple tankers and container ships, including the GFS Pride which sank after a strike, were hit in the first half of October, pushing weekly attack reports to record levels per UKMTO and JMIC data. Oil transits through the chokepoint have fallen sharply, with Kpler tracking daily flows as low as 2.9–12 million barrels versus pre-conflict averages near 17 million, supporting Brent crude above $106 per barrel and sustaining war-risk premiums in tanker rates and insurance. This environment reflects heightened maritime security costs and rerouting incentives ahead of potential further escalation or policy shifts.