The National Iranian Oil Company, which owns the tanker, says the vessel was likely hit by missiles, according to several reports.
: Oil prices jumped 2% on Friday after an Iranian oil tanker was struck by two missiles 60 miles off the coast of Saudi Arabia, the National Iranian Oil Company, which owns the vessel, was reported by state media as saying.
The vessel, which was reportedly travelling through the Red Sea, caught fire following the explosions and leaked oil into the sea off the coast of Jeddah. The leak has now been stopped, while the tanker’s crew are said to be safe and sound, according to local Nour news agency,The NITC said the strikes, which happened at 5am and 5:50am local time, were “probably caused by missile strikes.” Local news agency ISNAThe Suezmax vessel was identified by the National Iranian Oil Company as the Sabiti.
Friday’s explosion will likely fuel tensions in the Gulf which have been running high since Saudi Arabia accused Iran of being responsible for a major attack on a key oil production facility.Key background : The explosion comes less than a month after two major Saudi oil plants were struck on September 14, knocking offline 5% of global oil supply, but production has since been restored. The U.S. and Saudi Arabia blamed Iran for the attack, despite Yemen’s Houthi rebels, who are battling a Saudi-led coalition in the country, claiming responsibility. Iran denied it was behind the September strikes.: Responses from Saudi Arabia and the U.S. The U.S.
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