Oil Prices and Tanker Rates Rise After Latest Iranian Attacks in Mideast
The IRGC said it is widening enforcement against vessels it calls noncompliant as maritime agencies reported more than 15 incidents since September.
- Following Wednesday's attack on the Antigua-flagged product tanker Acers, Brent oil futures climbed to $104 per barrel, while benchmark Gulf-East Asia tanker rates exceeded $1.4 million per day amid heightened shipping risks.
- Iran's Revolutionary Guard claimed responsibility for attacks on ships including the liquefied petroleum gas tanker Sunshine, labeling established shipping routes "illegal" and demanding vessels pass along the Iranian coast.
- Privately, officials told the New York Times on Thursday that approximately 20 ships have been affected, while EOS Risk Group's Martin Kelly noted attacks now appear to target feeders outside the Strait of Hormuz.
- President Donald Trump stated on Thursday the United States will not respond to the Iranian campaign with military escalation before the November 3 midterm elections, maintaining the current blockade.
- Contingency plans reportedly involve staging three aircraft carriers in the Mideast to deliver concerted strikes on Iranian energy facilities, drone assets, and military command sites over a three-day period if activated.
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The Iranian Islamic Revolution Guard Corps (IRC) reported the explosion of an oil supertank tank vessel on a mine while passing through the Strait of Ormuz, handed over to Tasnim. "At a crude oil supertanker who tried to pass through the Strait of Ormuz via an unauthorized route, a powerful explosion occurred after a collision with a sea mine," the IRGC stated.
Iran claims tanker was traveling on an unauthorized route
Iran has warned that "a fire of great proportions is the fate of any oil tanker who intends to ignore the rules of the Strait of Ormuz."
The Iranian Revolutionary Guard announced that a giant oil tanker had been blown up and burned in the Strait of Hormuz, stating that it had been hit by a marine mine as it departed from the approved navigator track. The statement did not specify the nationality or flag of the tanker, indicating that it was carrying crude oil and that the navigation and positioning systems had been stopped prior to the incident ...
IRGC says vessel attempted to leave strategic waterway through unauthorized route after switching off navigation systems
The Sepah, the naval arm of the Islamic Revolutionary Guard Corps, has released a video showing a supertanker that reportedly took the southern route in flames. The post Supertanker exploded after "hitting a mine" in the Strait of Hormuz appeared first on in.gr.
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