Oil rises above $100 as attacks on ships hit new high, amid reports Trump is discussing launching strikes before the US midterms
A tanker sailing off the north coast of Qatar has been attacked, causing an unknown number of casualties, a British maritime security agency said. The attack came as Iran declared it would close a route in the strait of Hormuz being used to circumvent Tehran’s blockade of traffic.
The vessel was in the Gulf, about 500km (300 miles) west of the strait of Hormuz, when it reported being struck “by multiple projectiles”, the UK Maritime Trade Operations said on Wednesday. The UK authority did not specify the origin of the ship.
Wednesday’s attack comes as strikes on tankers sailing through the strait of Hormuz hit their highest weekly level since the Iran war began, according to maritime security firms, as oil prices to climbed above $100 per barrel.
Haven’t you heard, the US secretary of state Marco Rubio said it’s open.
“There’s almost as much oil flowing out now as there was before this conflict began.” he said.
You see, in the US, 5-11% is almost as much as 100%.
I wouldn’t put too much faith in random AI slop sites
Rubio’s quote came on a day that had a high oil throughput. I believe it was the day before the Houthis retook control over the bab al mandeb, which accounted for a third of the redirected Hormuz oil. That AI site doesn’t ever seem to mention anything about how much oil is rediredtes to other distribution channels
The situation is rather bleak for anyone hoping for low oil prices, but it is a nuanced and ever changing situation