High impact
Iran's IRGC Navy said a supertanker carrying over 2 million barrels of crude struck a mine and exploded while attempting an unauthorized route through the Strait of Hormuz, and declared the strait closed.
Jin1010/17, 08:40 AM
Market impact
Which way this story pushes each asset. An inference from the story, not a measured move.
Gold
Would push up
DaysLow confidence
Declared Hormuz closure raises geopolitical risk, supporting safe-haven demand for Gold
WTI
Would push up
DaysLow confidence
Threat to a key oil shipping chokepoint raises supply-risk premium for crude
Brent
Would push up
DaysLow confidence
Same Hormuz supply-route threat applies to global crude benchmarks
What could change this
The report comes from a single uncorroborated wire source; if the closure claim is not confirmed by other reports or shipping data, the risk premium could fade quickly.
WTI before and after this story
103.44+3.99%vs previous close
+4.44%
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
Related assets
Coming up for WTI
Explore next
Jin1010/17, 07:55 PM
FirstSquawk10/17, 07:13 PM
Iran's IRGC said another oil tanker was struck by a mine in the Strait of Hormuz.