High impact
Iran's IRGC said a second supertanker carrying over 2 million barrels of crude exploded and caught fire after hitting a mine in the Strait of Hormuz while allegedly trying to transit with US military support with its navigation and radar systems off.
Jin1010/17, 07:55 PM
Market impact
Which way this story pushes each asset. An inference from the story, not a measured move.
WTI
Would push up
DaysLow confidence
Second mine strike on a supertanker in Hormuz raises risk premium on crude supply route
Brent
Would push up
DaysLow confidence
Escalating Hormuz tanker incidents raise supply-route risk premium for global crude benchmark
Gold
Would push up
DaysLow confidence
Escalating Strait of Hormuz incident can boost safe-haven demand for gold
What could change this
If no further vessels are affected and transit through Hormuz continues uninterrupted, the risk premium could fade.
WTI before and after this story
103.44+3.99%vs previous close
+4.46%
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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FirstSquawk10/17, 07:13 PM
Iran's IRGC said another oil tanker was struck by a mine in the Strait of Hormuz.
Jin1010/17, 08:40 AM