Oil Markets Brace for a New Iran Escalation After U.S. Midterms
Brent holds near $115 as Iran war tensions and escalating Saudi-Houthi hostilities keep oil markets on edge ahead of U.S. midterms. Hormuz Becomes Even More Dangerous — and More Expensive - October has seen…
Tom majored in International Business at Amsterdam’s Higher School of Economics and later completed an Executive MBA in Energy Transition at the University of Groningen.…
Brent holds near $115 as Iran war tensions and escalating Saudi-Houthi hostilities keep oil markets on edge ahead of U.S. midterms.
- October has seen the most acute escalation in maritime attacks since the US-Iran war started eight months ago, with already more than 30 incidents recorded in the Strait of Hormuz and surrounding waterways, up from 14 in September.
- The most recent addition to the list of maritime targets is a crude tanker in Iraq’s exclusive economic zone, signaling that it is not only tankers seeking to surreptitiously transit the Hormuz that get targeted by Iran.
This story was originally published by OilPrice.com. Read the full story at OilPrice.com →
Conversation