Iran says missiles that hit tanker likely came from Saudi Arabia

Iran now says that missiles that hit one of its oil tankers in the Red Sea likely came from Saudi Arabia. This marks the latest escalation in a conflict between the two Middle Eastern nations that has roiled the oil market.

Most signs indicate that vessel Sabiti was hit by missiles. | Photo: HO/AFP / IRIB TV

Iran said missiles struck one of its tankers in the Red Sea, the latest in a series of attacks on oil infrastructure in the region that have roiled energy markets.

The incident, which caused an oil spill and a 2.3-percent jump in crude prices, comes weeks after a devastating attack on major Saudi oil facilities that the kingdom blamed on Iran. Tensions have been rising steadily in the region since US President Donald Trump unilaterally withdrew from an international nuclear deal with Tehran and imposed harsh sanctions on the Islamic Republic.

Read the whole article

Get 14 days free access.
No credit card required.

An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

For Coca-Cola, chartering vessels is by no means a foreign concept

It made a splash when a Coca-Cola exec recently informed that the company had chartered three dry bulk vessels as a result of the strained supply chains. It's a frequently used method, the company tells ShippingWatch. Nike expects shortages of products in coming quarters.

Further reading

Related articles

Trial banner

Latest news

See all jobs