• Oil closes lower for the week, despite tanker attacks near the Iranian coast

    3 monthes ago - By ETF Daily News

    From Martin Baccardax :
    Global oil prices declined this week, even as tensions in the Gulf region threatened to disrupt supplies and President Donald Trump blamed Iran for a series of attacks on tankers in one of the world's busiest shipping lanes.
    Trump told the “Fox and Friends” news program that attacks on two tankers in the Gulf of Oman has “probably got essentially Iran written all over it”, citing video evidence that U.S. officials said was an Iranian patrol boat removing an un-exploded mine from the ‘Kokuka Courageous' oil tanker on Friday. The Thursday attacks sent global crude...
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  • Iran may be playing on a key US weakness to flip the tanker mining crisis on its head and spike oil prices

    Iran may be playing on a key US weakness to flip the tanker mining crisis on its head and spike oil prices

    3 monthes ago - By Chron

    Reuters
    Recent unexplained bombings in the Persian Gulf have threatened 20% of the world's oil supply and brought the US and Iran to the brink of a war that could define the Middle East.
    But Iran has mastered the perfect type of warfare to hurt the US and its allies while maintaining deniability.
    The US can send more ships and try to catch Iran red-handed, but that looks more likely to cause a war than solve the situation.
    After the tankers were mined on Thursday, crude oil's price jumped by 3-5%. Experts say no one is insulated from a crisis in the Persian Gulf, which could roil global...
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  • An oddly-placed mine suggests Iran may have been purposefully pulling its punches in the tanker attacks so far

    An oddly-placed mine suggests Iran may have been purposefully pulling its punches in the tanker attacks so far

    3 monthes ago - By Business Insider

    The US military, alleging Iran's culpability, released photos of a suspected limpet mine attached to the hull of one of the two tankers attacked Thursday.
    The mine was placed high above the waterline, seeming to suggest that the purpose of the latest attacks may have been to shock rather than cause maximum damage.
    An investigation into the attacks on four tankers in May, attacks that were also blamed on Iran, concluded that while explosives were placed below the waterline, they were placed precisely to incapacitate but not sink the large ships.
    It seems the perpetrator may be going out of...
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