Oil Prices and Tanker Rates Rise After Latest Iranian Attacks in Mideast
The IRGC said it is widening enforcement against vessels on unauthorized routes as maritime agencies reported 100 confirmed war-related incidents.
- 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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Tanker struck by projectile in Strait of Hormuz, fire reported, UKMTO says
The United Kingdom Maritime Trade Operations (UKMTO) said on Sunday it has received a report that an outbound tanker in the Strait of Hormuz was struck on the port side by an unknown projectile, causing a fire on board.
The Iranian Islamic Revolutionary Guard Corps (IRC) reported the explosion of an oil supertank tank vessel on a mine while passing through the Strait of Ormuz, passing on to Tasnim.
Once again, a merchant ship has been attacked in the Strait of Hormus. Fire broke out, but the crew is reported to be safe for the first time.
Since the beginning of the Iran war, Iran has been blocking the strait that is important for global energy trade with threats and attacks. Once again, a tanker is under fire.
UKMTO announced yesterday night Saturday, an oil tanker was hit by unknown missiles in the Strait of Hormuz.
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.
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