Zero Hedge: Tanker Operators Suspend Travel Through Strait Of Hormuz
Following Iran's decision to lob missiles at US-Iraqi bases last night, several major tanker operators have suspended sailing through the Straits of Hormuz, the site of several tanker attacks last year.
Petrobras, Bahri - Saudi Arabia's state-run tanker operator - and other tanker companies have suspended sailing through the Straits of Hormuz, WSJ reports, citing unidentified people familiar with the matter.
Meanwhile, Gulf officials are already trying to convince the world that there's nothing to worry about in what's essentially a tinderbox inside another tinderbox. United Arab Emirates’ Energy Minister Suhail al-Mazrouei said on Wednesday he saw no immediate risk to oil passing through the critical gateway through which 20% of the global supply of crude travels. al-Mazrouei made the comments on the sidelines of a conference in Abu Dhabi, the UAE capital.
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Update #1: Saudi tanker giant Bahri suspends transit through Strait of Hormuz – WSJ -- FX Street
Update #2: MARAD Renews Warning of Risks to U.S. Ships in Strait of Hormuz -- Maritime Executive
WNU Editor: If the Strait of Hormuz is shut down for any period of time, expect this .... Oil prices will climb above $100 a barrel if Iran blocks the Strait of Hormuz, analysts predict (CNBC).
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