Brent crude prices have fallen roughly 20% from an October peak near $118 to around $94 per barrel, but a prolonged U.S.-Iran stalemate is establishing a high price floor. Attacks on vessels in and near the Strait of Hormuz hit a wartime monthly record of 37 in October, with at least 10 more ships struck […]
Iran’s Revolutionary Guards said two oil tankers hit mines and caught fire near the Strait of Hormuz, Anadolu Agency reported. The Hindu later said three tankers exploded and caught fire, while Al Jazeera also reported three vessels ablaze. Xinhua reported that the Guards said two tankers exploded on a route it called unauthorized. The reports differ on the number of vessels, and The Hindu said their identities and nationalities were unclear.
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