Report of attack on Strait of Hormuz shipping fuels oil supply risks
UN concerned about Strait of Hormuz as tensions escalate between US and Iran SAUDI LEADER ASKS FOR US MILITARY HELP Oil prices shot up over the past week, and the retail price of diesel in the United States surged past a record $6 a gallon as the United States and Iran both fired on tankers, and the Houthis in Yemen rapidly advanced along the Red Sea, potentially giving Tehran leverage over both of the region’s main oil-shipping corridors.
Maritime trackers received new reports of an attack on a ship in the Strait of Hormuz on Sunday, adding to concerns about Iran-related threats to global energy supplies after Saudi Arabia shut down a vital oil pipeline.
But a senior Iranian official, speaking to Reuters on condition of anonymity on Saturday, played down the chances of a breakthrough, saying the meeting, called at Oman’s initiative, was intended to discuss issues including the strait but was not expected to yield a signed agreement.
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