Oil Prices and Tanker Rates Rise After Latest Iranian Attacks in Mideast
UKMTO said 13 tanker strikes this month have lifted Brent to $104 a barrel and pushed Gulf-East Asia charter rates above $1.4 million a day.
- 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 Revolutionary Guard Corps also threatened to extend its operations against ships using “unauthorized” routes beyond the strategic maritime passage.
The Revolutionary Guards have held the U.S. Army directly responsible for rising tension and maritime transport incidents in the region, and the incidents in the Strait of Hormuz have been returned to "the deception of American shipping companies."
Tehran: Ship sailed on "unapproved transit route" +++ Three deaths in attacks on airport in Riyadh +++ Trump excludes attack on Iran before interim elections +++ all developments in live blog
Saudi Arabia and Houthis are shooting each other +++ British Consulate in East Jerusalem stops the operation +++ Report: Attack on ship in the middle of the Persian Gulf +++ The Newsblog.
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