Oil prices jump 2% after Iran says two missiles struck one of its tankers
Friday, October 11, 2019 | Tag Cloud Tags: EU, Iran, Media, News, oil, PLO, Saudi Arabia, Worthy News | Learn about out FREE SYNDICATION
(Worthy News) – Oil prices rose sharply on Friday morning after Iranian officials said that two rockets had struck an Iranian tanker traveling through the Red Sea.
The officials said that the tanker had been traveling through the Red Sea off the coast of Saudi Arabia. Saudi officials were not immediately available to respond to requests for comment, according to Reuters.
The National Iranian Oil Company told NBC that the tanker was hit by two explosions at 5:00 a.m. and 5:20 a.m. local time, 60 miles from the city of Jeddah. The state-run IRNA news agency identified the vessel as the Sabity, with NBC reporting that the crew were uninjured and were working to stabilize the ship. [ Source: CNBC (Read More…) ]
Fair Use Notice:This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner.