Oil tanker which caught fire in the Gulf of Oman reportedly said to be struck by a torpedo

Author: Justin Low | Category: News

According to a report by TradeWinds, citing industry sources

It is also being reported that two tankers were caught in the crossfire, not just one, and the crew were forced to evacuate them because of the incident. The headline will only serve to prove that Middle East tensions are still very much present and will continue to act as a tailwind for oil prices as we have seen earlier in the year.

Oil is still holding to the majority of its gains so far with both Brent and WTI up by more than 2.5% on the day. The latter is currently trading at $52.50.

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