Via ZeroHedge
Things are fast escalating once again in the Strait of Hormuz, after White House officials have lately been gloating that the US Navy has overseen record wartime oil flows through the Strait of Hormuz, which each warring side is still claiming to ‘control’.
Iran’s Islamic Revolutionary Guard Corps (IRGC) said Friday it targeted a liquefied petroleum gas (LPG) tanker in the Strait of Hormuz hours ago, with Iranian state media reporting that the vessel was attempting to pass through the strategic waterway “illegally” and suffered a massive fire.
The IRGC Navy also warned that, from now on, any vessels committing violations outside the Strait of Hormuz would be “punished,” according to a statement carried by Iranian state media. This is served to immediately push oil prices higher…
Separately, the United Kingdom Maritime Trade Operations (UKMTO) reported a new incident involving a vessel approximately 13 nautical miles west of Al Jazeera in the United Arab Emirates.
The vessel was reportedly struck by an unknown projectile, sparking a fire that has since been extinguished, coming after similar incidents earlier this week.
Oil prices rose following the reports, while futures moved lower, reflecting heightened market sensitivity to escalating tensions and potential further big disruptions to shipping and energy flows through the Strait of Hormuz – even as President Trump has been touting the ultimate ‘success’ of the US mission.
developing…
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[ H/T The Burning Platform ]
Things are fast escalating once again in the Strait of Hormuz, after White House officials have lately been gloating that the US Navy has overseen record wartime oil flows through the Strait of Hormuz, which each warring side is still claiming to ‘control’.
Iran’s Islamic Revolutionary Guard Corps (IRGC) said Friday it targeted a liquefied petroleum gas (LPG) tanker in the Strait of Hormuz hours ago, with Iranian state media reporting that the vessel was attempting to pass through the strategic waterway “illegally” and suffered a massive fire.
The IRGC Navy also warned that, from now on, any vessels committing violations outside the Strait of Hormuz would be “punished,” according to a statement carried by Iranian state media. This is served to immediately push oil prices higher…
Separately, the United Kingdom Maritime Trade Operations (UKMTO) reported a new incident involving a vessel approximately 13 nautical miles west of Al Jazeera in the United Arab Emirates.
The vessel was reportedly struck by an unknown projectile, sparking a fire that has since been extinguished, coming after similar incidents earlier this week.
Oil prices rose following the reports, while futures moved lower, reflecting heightened market sensitivity to escalating tensions and potential further big disruptions to shipping and energy flows through the Strait of Hormuz – even as President Trump has been touting the ultimate ‘success’ of the US mission.
developing…
Tweet
Continue reading...
[ H/T The Burning Platform ]
