Iran-Tied Drones Attack Kuwaiti Oil Tanker at Dubai Port, Send Gas Prices Soaring
Key Takeaways
- Iranian drone attack hits Al-Salmi tanker anchored at Dubai Port, causing fire and damage.
- Kuwait Petroleum Corporation blames Iran for the attack on the Al-Salmi tanker.
- Global oil prices rose; US gasoline averaged around four dollars per gallon.
Energy Blockade Escalates
A Kuwaiti crude oil tanker was struck in an apparent Iranian drone attack while anchored at Dubai port.
“An apparent Iranian attack on a fully loaded Kuwaiti crude oil tanker at Dubai Port sparked a fire that was later extinguished, authorities said”
The fire was extinguished with no oil leakage reported.
Gasoline prices in the United States crossed an average of $4 a gallon.
Kuwait Petroleum Confirms Attack
Kuwait Petroleum Corporation confirmed the attack on the Al-Salmi tanker.
The tanker was loaded with approximately two million barrels of crude oil worth more than $200 million.
All 24 crew members were reported safe.
Trump Pressures Allies
Trump demanded that countries like the UK go to the Strait and just TAKE IT.
He criticized European countries for refusing to get involved.
The U.S.A. won't be there to help you anymore.
Global Oil Markets React
Brent crude prices briefly spiked above $116 a barrel.
Brent crude is on course for a 59% surge in March.
Trump was willing to end the war even if the Strait remains closed.
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