11 Tankers Come Under Attack Near Hormuz as Brent Holds Around $102
Updated
Updated · The New York Times · Oct 5
11 Tankers Come Under Attack Near Hormuz as Brent Holds Around $102
3 articles · Updated · The New York Times · Oct 5
Summary
At least 11 tankers have been attacked in and around the Strait of Hormuz since last Monday, including four in the past two days, exposing how vulnerable the Gulf’s export rebound remains.
Drone and missile strikes have persisted as Yemen’s Saudi-backed government announced a major campaign against the Iran-backed Houthis after Houthi attacks on key Saudi oil infrastructure.
U.S. forces are escorting ships through the strait, which Iran has asserted control over since U.S. and Israeli attacks more than seven months ago, but the security cover has not stopped repeated disruptions.
Brent crude was little changed near $102 a barrel on Monday because higher Gulf exports have capped the war-driven price surge, while the G7 has agreed to release emergency diesel and crude stocks over the next four months.