Tag: blockade
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Oil price jumps as blockade on both sides in the Strait of Hormuz is tightened
The oil price jumped back this week rising by up to 7% from Monday open as the blockade in the Strait of Hormuz is tightened by both sides of the conflict. The Islamic Revolutionary Guards Corps fired at two cargo vessels as they were exiting the Strait and eventually seized them; the MSC Francesca and…
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Maltese-flagged oil-tanker enters the Strait of Hormuz
Marine Traffic is reporting that the Maltese-flagged oil-tanker ,VLCC Agios Fanourios I, has entered the Strait of Hormuz. It is the first oil tanker that enters the Strait following the announcement of the blockade by US President Donald Trump. The Strait of Hormuz is being cleared of mines by the US Navy with the Omani…
