• 2 minutes California to ban gasoline for lawn mowers, chain saws, leaf blowers, off road equipment, etc.
  • 6 minutes China and India are both needing more coal and prices are now extremely high. They need maximum fossil fuel.
  • 11 minutes Europeans and Americans are beginning to see the results of depending on renewables.
  • 4 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 3 hours Monday 9/13 - "High Natural Gas Prices Today Will Send U.S. Production Soaring Next Year" by Irina Slav
  • 2 mins The Climate Scare Stories Began With Far Left Ideology Per GreenPeace Co-Founder
  • 2 days "A Very Predictable Global Energy Crisis" by Irina Slav --- MUST READ
  • 4 hours Putin and Xi have decided not to attend the Climate Summit in Glasgow
  • 1 day Two Good and Plausible Ideas about Saving Water and Redirecting it to Where it is Needed.
  • 2 days Are you aware of Oil Price short videos on our energy topics?
  • 2 days NordStream2
  • 2 days "Here is The Hidden $150 Trillion Agenda Behind The "Crusade" Against Climate Change" - Zero Hedge re: Bank of America REPORT
  • 2 days Is China Rising or Falling? Has it Enraged the World and Lost its Way? How is their Economy Doing?
  • 37 mins Biden Sets Target Of 50% EV Share In U.S. Car Sales In 2030
  • 3 days Did China cherry-pick the factors that affected the economic slow-down?

Breaking News:

California Gasoline Prices Are Spiking

Tsvetana Paraskova

Tsvetana Paraskova

Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews. 

More Info

Premium Content

Middle East Torpedo Attacks Send Oil Prices Soaring

Oil prices surged early on Thursday after two oil tankers were reported to have been hit by explosions in the Gulf of Oman between Iran and the United Arab Emirates (UAE), a month after a previous incident in Middle Eastern waters.

As of 09:35 a.m. EDT on Thursday, WTI Crude was surging 3.17% at $52.76, while Brent Crude was soaring 3.42% at $62.02, as renewed tension in the Middle East has the market worried that oil supply along the world’s most important chokepoints in the region may be under threat.

The suspected attacks occurred one month after the UAE said in May that a total four vessels were attacked off its coast at the port of Fujairah, the world’s second-largest bunkering port.

In today’s incidents, a Marshall Island flagged tanker, the Front Altair, was attacked between the Emirates and Iran in the early morning local time, the Norwegian Maritime Authority said, adding “There were reportedly three detonations on board the ship. The crew have been rescued by a passing ship and no injuries are reported.”

The Front Altair ship is on fire, while a second tanker, the Kokuka Courageous, has reportedly also been attacked in the same area, the Norwegian authority said.

The below video shows aerial footage of one of the tankers: 

“Based on today’s incidents, even though the background for the attacks is not completely clear, the Norwegian Maritime Authority advices all ships to keep a safe distance from Iranian waters,” it added.

Iran said that it rescued the crew members on board the two tankers, the BBC reports, and quotes an Iranian official as saying that “Iran has no connection with the incident.”

Iran’s Foreign Minister Mohammad Javad Zarif tweeted that the reported attacks on Japan-related tankers occurred while Japanese Prime Minister was meeting with Ayatollah Ali Khamenei “for extensive and friendly talks.”

“Suspicious doesn’t begin to describe what likely transpired this morning,” Zarif said.

Meanwhile, a U.S. defense official told CBS News senior national security correspondent David Martin that it was “highly likely Iran caused these attacks.”

By Tsvetana Paraskova for Oilprice.com

More Top Reads From Oilprice.com:


Download The Free Oilprice App Today

Back to homepage





Leave a comment

Leave a comment




EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News