Oil prices surge
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An exchange-traded fund that provides exposure to oil-tanker freight rates was soaring after the U.S. and Israel bombarded Iran and raised concern over shipping through the Strait of Hormuz. Shares of the Breakwave Tanker Shipping ETF,
An oil tanker was attacked off the coast of Musandam in the Strait of Hormuz. Four people were injured and all 20 crew members were evacuated, according to Oman's Maritime Security Centre.View on
It is not clear who attacked the tanker, Stena Imperative. Its U.S. operator, Crowley, described “aerial impacts” and said that a fire on board was quickly extinguished.
The incidents mark the first time targets in or near Oman have been hit following a wave of retaliatory strikes by Tehran on Gulf states after joint U.S.-Israeli attacks
The Strait of Hormuz, with Iran to its north, is the world's most critical oil chokepoint, where roughly 15 million barrels of crude oil pass daily.
The Justice Department has filed a complaint to legally take ownership of a sanctioned tanker and nearly 2 million barrels of petroleum seized off the coast of Venezuela in December.
A bomb-laden drone boat struck a Marshall Islands-flagged oil tanker off Muscat in the Gulf of Oman, killing an Indian crew member and heightening maritime security concerns in the region.
Russian oil tanker allegedly bound for Cuba engaged in deceptive shipping practices including signal manipulation and offshore cargo transfer, according to maritime intelligence firm Windward.