Two More Oil Tankers Attacked Near Strait of Hormuz
What I Cover Irina Slav has been writing about global energy markets since 2007, covering the oil and gas industry, energy security, commodities, and the… Two more tankers were attacked near the Strait of Hormuz on Sunday, one in Hormuz and the other off the coast of Oman, Argus hasreported, citing ship-tracking data and the Indian shipping minister.
One of the targets was a Suezmax loaded with Iraqi crude, which had set sail on October 8, the Indian top shipping official said.
It was hit by an unknown projectile that caused fire on board and, at the time of writing, two sailors were stillmissing. The other tanker was a product carrier that was hit by a drone.
That attack was reported earlier by the UK Maritime Trade Operations outlet.
“India reiterates the need for immediate de-escalation and a resolution to the ongoing conflict through dialogue and diplomacy,” New Delhi’s foreign ministry said.
“Attacks on commercial vessels, seafarers and civilian infrastructure must cease.
Freedom of navigation and the safe, unimpeded flow of maritime commerce through international waterways, in accordance with international law, must be upheld.” Iran’s Islamic Revolutionary Guard Corps has stepped up attacks on tankers in the Strait of Hormuz in the past couple of weeks, targeting vessels trying to transit the strait in dark mode, along a southern corridor near the coast of Oman.
Navy is meanwhile striking Iranian-linked vessels, with the strikes heightening the already considerable shipping risk in the area.
“All ships within the limits of the Strait of Hormuz that turn off their navigation and identification systems will be identified as hostile and will be dealt with severely and decisively,” the IRGC’s Navy forces said in a statement, as reported by Iranian state media.
The news of the latest attacks comes alongside a report about a so-called energy ceasefire between Russia and Ukraine,announcedby President Trump over the weekend.
Neither of the warring parties has confirmed the ceasefire, and Axios has since reported that it is a narrower refinery-only ceasefire proposal, but the news has pressured oil prices.Brentwas trading above $103 per barrel after the news, andWTIwas over $90 per barrel.
Trump's Russia-Ukraine Energy Ceasefire May Only Cover Oil Refineries What I Cover Irina Slav has been writing about global energy markets since 2007, covering the oil and gas industry, energy security, commodities, and the… Saudi Arabia Cuts Europe Off From October Crude as Gulf Exports Surge Saudi Arabia Discovers 110 Million Tonnes of Uranium-Bearing Ore Strait of Hormuz Shipping Traffic Falls Further as Saudi Oil Flows Rise Macron Calls for Another Emergency Oil Release as Europe Loses Supply U.S.
| Product | Price | Change |
|---|---|---|
| Brent Crude | $102.14/bbl | +0.34% |
| WTI Crude | $96.90/bbl | +0.21% |
| EN590 Diesel | $846/MT | +0.18% |
| Jet Fuel A-1 | $1090/MT | +0.55% |
| Mazut M100 | $450/MT | -0.15% |
| Bitumen 60/70 | $470/MT | +0.08% |
| Sulphur Gran 99.5% | $470/MT | -0.44% |
| Urea 46% Gran | $650/MT | +1.12% |
| NPK 16-16-16 | $460/MT | -0.28% |
| Nat Gas TTF | $15.42/MMBtu | +0.92% |
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