Another explosion in the Strait of Hormuz BeamTracker account: Initial reports report an explosion in the Strait of Hormuz; This explosion was caused by the firing of an anti-ship cruise missile. Washington Institute analyst Noam Ridan says that attacks on ships in the Strait of Hormuz reached their highest level in October. On Friday, the oil markets registered a price of $117 per barrel, which has not been seen since the Ramadan war. - Link.