Tensions Escalate in the Middle East: Oil Tanker Attacked Near Oman; Iran Threatens to Close Key Shipping Lanes, Including the Strait of Hormuz
According to reports, an oil tanker was struck by an “unidentified projectile” 11 nautical miles northeast of Oman, causing damage to the engine room; another oil tanker reported an explosion in the vicinity.Meanwhile, Iran warned the United States that if it continues to block the Strait of Hormuz, Iran will close key shipping lanes, including the Strait of Hormuz.Mohammad Bagher Zolgaad, Secretary of Iran’s Supreme National Security Council, stated that the global economy, energy markets, and American voters would bear the cost of such a move. Amid this escalation of tensions, U.S. media reported that President Donald Trump is preparing to launch a new round of strikes against Iran, which could begin as early as this weekend.Affected by the situation in the Middle East, crude oil prices rose by more than 1% on Friday, with WTI crude futures closing at $84.67 per barrel and Brent crude closing at $90.12 per barrel.
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