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The Maltese Herald

Weekend oil jumps $3 as the US renews airstrikes in the Persian Gulf

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Maltese Herald
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US forces in the Persian Gulf have renewed their attacks on Iranian military targets after Iran hit a civilian cargo vessel with a Cypriot flag called the GFS Galaxy (IMO: 9401271). One of the crew members of the struck vessel is reportedly missing.

The news comes despite press reports stating that the Iranian government still wants to uphold its ceasefire deal with the US. New press reports are now reporting that the Iranian regime is now stating that Strait of Hormuz will remain closed. Iranian Supreme Leader Mojtaba Khamenei told official Iranian state media that he will avenge the death of his father and those who were killed during the war.

Oil jumped to $3 going above $73 upon the news.

 

 

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One response to “Weekend oil jumps $3 as the US renews airstrikes in the Persian Gulf”

  1. Brent Crude opens above $78: US launches another round of strikes against IRGC targets in the Persian Gulf - The Maltese Herald avatar
    Brent Crude opens above $78: US launches another round of strikes against IRGC targets in the Persian Gulf – The Maltese Herald

    […] It is unclear whether talks between Iran and the US are ongoing but the deal signed at Versailles by US President Donald Trump does not look like it is going to be implemented with the Iranian regime insisting it wants to retain full control of the strait. However, despite the Iranian regime’s insistence about its control over the strait, maritime data is showing that commercial vessels are increasingly taking the risk of passage with no new incidents reported following Iran’s attack against the GFS Galaxy. […]

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