Three more ships struck in the Persian Gulf as Iran warns of oil prices hitting $200
CNBC
The latest incidents in or near the Strait of Hormuz come shortly after Iran warned the world to prepare for $200 oil prices.
Three more foreign ships were struck in the Persian Gulf overnight, authorities said, as attacks intensify on vessels sailing through or near the strategically vital Strait of Hormuz.
The latest incidents come after three separate vessels sustained damage in Gulf waters on Wednesday and as Iran warns oil prices could climb to $200 a barrel.
A container ship was struck by an unknown projectile about 35 nautical miles north of Jebel Ali, a major port city near Dubai in the United Arab Emirates, the United Kingdom Maritime Trade Operations (UKMTO) center said on Thursday. The incident caused a small fire onboard, and all crew were reported to be safe.
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Iran's threat to the Strait of Hormuz can't be fixed by releasing oil from strategic petroleum reserves.
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Oil prices have skyrocketed in the days since President Donald Trump's war on Iran began.
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It comes at a time when the Caribbean island is grappling with a worsening economic crisis.
Analysts say any attempt to attack or seize Iran’s strategic oil hub is likely to be fraught with risk.
The Strait of Hormuz, the world's most critical chokepoint for oil shipments, has been effectively closed since the U.S. and Israel began the war on Iran.
His comments to CNBC come as the U.S. and Israeli-led war appears poised to enter its third week.
The U.S. Central Command said that the loss was "not due to hostile or enemy fire."
The State Department said this week that 36,000 Americans had returned to the U.S. after the start of the war with Iran.