Oil Prices and Tanker Rates Rise After Latest Iranian Attacks in Mideast
The IRGC said the attacks were meant to enforce its shipping rules as oil prices and tanker rates jumped, with UKMTO counting 13 strikes this month.
- 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.
63 Articles
63 Articles
IRGC says vessel attempted to leave strategic waterway through unauthorized route after switching off navigation systems
Ships near Ormuz. Reuters Iran's Revolutionary Guard stated on Saturday (10) that an oil tanker exploded and caught fire after hitting a naval mine as it crossed the Strait of Ormuz, one of the world's leading oil transport routes. The information was released by the Iranian state press. ✅ Follow the international news channel of the g1 on WhatsApp The military did not inform the name, flag or origin of the vessel. No details about possible vict…
The oil tanker El Gaia caught fire in the southern Strait of Hormuz after Iran said it had struck a naval mine. The incident occurred on September 14, and Iran’s Islamic Revolutionary Guard Corps Navy said the ship had entered a restricted area along the southern route. The statement, carried by Iranian media, said the tanker had exploded and efforts to extinguish the fire were unsuccessful. Iran said the ship was engulfed in flames and that war…
(Johannesburg=Yonhap News) Correspondent Na Hak-jin = The Iranian Islamic Revolutionary Guard Corps (IRGC) announced on the 10th (local time) that an oil tanker passing through the Strait of Hormuz struck a mine and...
The Iranian Revolutionary Guard Corps reported that an oil tanker travelling in the Strait of Ormuz with an unmounted navigation system exploded as a result of a collision with a sea mine. IRGC stated that a crude oil tanker attempting to leave the Strait of Ormuz along an unharmonized route had caused a major explosion as a result of a collision with a sea mine, and it was noted that the vessel was travelling in a strait with a disabled navigat…
The Iranian Revolutionary Guard did not reveal the name of the ship or its flag.
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