Oil is surging after a suspected torpedo attack on 2 tankers in the Gulf of Oman
Thursday, 13 June 2019 () · *The price of oil surged on Thursday after a suspected torpedo attack on two tankers in the Gulf of Oman.*
· *West Texas Intermediate crude jumped 3%, while Brent crude jumped 3.8%.*
· *Oil was previously trading at five-month lows, reflecting a glut of US crude and concerns that the US-China trade war could weaken global...
A surge in telcos on Germany's completion of its 5G mobile spectrum auction pulled European shares higher on Thursday, overturning a weak opening. And, as David Pollard reports, oil prices surged on reports of an attack on tankers in the Gulf of Oman, near Iran.
Saudi Arabian Airlines has altered the path of its international flights away from the Gulf of Oman and the Strait of Hormuz.
According to Reuters, the Federal Aviation Administration has also barred..
Iran's military denied on Monday being behind attacks on oil tankers in the Gulf of Oman last week, and said if it decided to block Strait of Hormuz, a vital... Reuters India Also reported by •Firstpost •Hindu