WS #12010
Two UAE national tankers hit by Iranian cruise missiles in southern Strait of Hormuz; one Indian crew member killed, eight wounded; fires brought under control. Trump confirms another major attack Monday night, says US is knocking out Iran's offensive capability, and announces 20% fee on cargo transiting Strait of Hormuz. WTI crude +9.42%, Brent +9.39% as Strait of Hormuz tensions escalate; oil holds jump after Trump reinstates blockade on Iranian ships. Trump states he thinks a deal with Iran is possible, per Reuters, potentially dampening the bearish macro thesis. Houthis announce full air and naval blockade of Saudi Arabia and closure of Bab el-Mandeb Strait, threatening ~60% of Middle East oil exports.
UAE tanker attacks in Strait of Hormuz
Two UAE national tankers hit by Iranian cruise missiles in southern Strait of Hormuz; one Indian crew member killed, eight wounded; fires brought under control.
Trump confirms another major attack Monday night, says US is knocking out Iran's offensive capability, and announces 20% fee on cargo transiting Strait of Hormuz.
WTI crude +9.42%, Brent +9.39% as Strait of Hormuz tensions escalate; oil holds jump after Trump reinstates blockade on Iranian ships.
Trump states he thinks a deal with Iran is possible, per Reuters, potentially dampening the bearish macro thesis.
Houthis announce full air and naval blockade of Saudi Arabia and closure of Bab el-Mandeb Strait, threatening ~60% of Middle East oil exports.