The key question heading into Sunday evening is how Brent crude futures will price the US strikes on Iranian tankers near Kharg Island.
Iranian Tanker Reportedly Hit By Missiles Near Kharg Island
Iranian state media reported early Saturday that US forces had struck an oil tanker near Kharg Island. Although the US military has not confirmed the maritime incident, the attack, if verified, would mark a significant escalation near Iran’s most important crude-export terminal and increase the risk of further disruptions to Persian Gulf energy flows.
Tasnim News Agency, which is affiliated with the Islamic Revolutionary Guard Corps, said several missiles hit the tanker early Saturdayand published images purportedly showing black smoke rising from the ship.
Kharg Island is the jugular vein of Iran’s oil economy. The deepwater terminal handles about 90% of the country’s crude exports, connecting Iran’s major onshore fields to global markets, specifically China.
Source:
https://www.zerohedge.com/geopolitical/iranian-tanker-reportedly-hit-missiles-near-kharg-island