Two Saudi crude tankers are hit near Khasab as Brent trades above 92 dollars
The Saudi-flagged Sidr and the Liberian-flagged Senegal Prosperity, each carrying about 2 million barrels of Saudi crude, were struck within minutes of each other late on Monday near Khasab on Oman's Musandam Peninsula. Brent traded above 92 dollars a barrel on Tuesday, about 2 per cent above Monday's settlement of 90.49 dollars. West Texas Intermediate rose about 2.4 per cent to around 88 dollars. The Strait of Hormuz is described as effectively closed to commercial traffic.
Economics & Markets··Morning
Sidr and Senegal Prosperity were struck minutes apart near Khasab
Sidr, a very large crude carrier operated by Saudi Arabia's Bahri, was hit by unknown projectiles northeast of Khasab, Oman. Senegal Prosperity, Liberian-flagged and operated by Sinokor, was struck as it too tried to exit the Gulf. The Saudi-flagged Sidr and the Liberian-flagged Senegal Prosperity, each carrying about 2 million barrels of Saudi crude, were struck within minutes of each other late on Monday near Khasab on Oman's Musandam Peninsula. Both ships were on the outbound line from the Strait of Hormuz.[1], [2]
A tanker 17 nautical miles east of Khasab reported 3 projectiles and no casualties
The UK Maritime Trade Operations agency said a tanker 17 nautical miles east of Khasab reported 3 unknown projectiles during an outbound transit late on Monday, with no casualties or environmental impact. Senegal Prosperity was reported hit by 3 projectiles about 17 nautical miles from Khasab. A Marisks advisory cited by Bloomberg placed Sidr northeast of Khasab and Senegal Prosperity on the Gulf exit. OilPrice.com framed the attacks as a re-escalation that puts the tentative recovery of oil flows from the region at risk.[1], [2]
Brent traded above 92 dollars as the Strait of Hormuz stays effectively closed
Brent traded above 92 dollars a barrel on Tuesday, about 2 per cent above Monday's settlement of 90.49 dollars. West Texas Intermediate rose about 2.4 per cent to around 88 dollars. OilPrice.com said Brent was nearing 92 dollars a barrel in Asian trade on Tuesday. The Strait of Hormuz is described as effectively closed to commercial traffic, and shipowners and insurers sit further from a return to normal transits. President Donald Trump threatened to hit Iran hard, while Iran's President Pezeshkian defended a return to the framework of the June memorandum. Iran said on Monday that a supertanker caught fire after hitting 2 naval mines in the southern part of the strait.[1], [2]
