Container Ship Sinks After Mine Strike South of Hormuz, IRGC Confirms

⚓ HORMUZ — First confirmed sinking; IRGC mine field now claims a vessel. 📌 LOOK CLOSER: A sinking crosses a threshold a hit does not — total loss triggers uninsurability, not just premium hikes. IRGC's "unauthorized route" framing signals every captain: transit now requires Iranian permission. With 2,500 containers gone, Cape of Good Hope rerouting becomes mandatory — adding 14 days and repricing global container trade at scale.