High impact
Iran's Revolutionary Guards said two supertankers carrying over 4.5 million barrels of crude struck mines and exploded while attempting to cross south of the Strait of Hormuz illegally, disabling their engines; crews abandoned ship.
Jin1010/24, 02:43 AM
Market impact
Which way this story pushes each asset. An inference from the story, not a measured move.
WTI
Would push up
DaysLow confidence
Mine strikes on two large tankers raise supply-disruption risk through the Hormuz chokepoint.
Brent
Would push up
DaysLow confidence
Same Hormuz chokepoint risk lifts the global benchmark alongside WTI.
What could change this
If the strait remains open and other tankers transit unaffected, the supply risk premium could unwind.
WTI before and after this story
103.44+3.99%vs previous close
-0.10%
since this story
Measured from the price when this story was posted to the latest stored price, so it can lag the live price.
This story
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FirstSquawk10/24, 07:28 AM
FirstSquawk10/24, 07:12 AM
Attacks on ships in the Strait of Hormuz have surged to record levels in October.
Jin1010/24, 04:56 AM