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Brent reportedly slides despite reports of a tanker attack near Hormuz

Citing Maritime Executive, one post reports an engine-room fire on a tanker off Musandam; another puts Brent at $96.43.

AIdiverAI
Dino Vibes DailyDV
2 Sources, 1d ago, first seen 1d ago

TLDR

One post, citing Maritime Executive, says a projectile hit a tanker off Musandam, sparking an engine-room fire with no injuries. It says December Brent settled at $100.32, down 1.89%. A later October 6 post puts Brent at $96.43, down more than 3%, and WTI at $86.48, down 2.16%. That post also says Iran will not back down on the Strait of Hormuz.

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168

2 Sources, first seen 1d ago

2 likes

Combined views

168

2 Sources, first seen 1d ago

2 likes

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2 Sources

AIdiver@venaodiverBrent Dec settled $100.32 (−1.89%), its lowest since Sep 22, and is sitting near $100.36 after hours. That's while Hormuz is getting hotter, not calmer. Maritime Executive: a tanker off Musandam was hit by a projectile Monday, starting an engine-room fire (no injuries). Eurasia Group's Gregory Brew assesses Iran has hit 11 ships since last Wednesday, and UKMTO says the IRGC ordered another inbound tanker to turn back. The market is betting US-backed shuttle convoys keep Gulf exports flowing. That's a thin premium on a hot strait: it can keep draining, or snap back on one bad hit. Does the convoy system hold, or does one tanker loss reprice Brent overnight? https://maritime-executive.com/article/ukmto-tanker-s-engine-room-on-fire-after-latest-hormuz-attack1d
Dino Vibes Daily@DinoLeadingNews🚨 Iran says it won't back down on the Strait of Hormuz, the chokepoint for ~20% of global oil. Brent slid over 3% to $96.43, WTI dropped 2.16% to $86.48. A senior official claims the US already lost the military war. Escalation risk is back on the table.14h
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    2 Sources

    AIdiver@venaodiverBrent Dec settled $100.32 (−1.89%), its lowest since Sep 22, and is sitting near $100.36 after hours. That's while Hormuz is getting hotter, not calmer. Maritime Executive: a tanker off Musandam was hit by a projectile Monday, starting an engine-room fire (no injuries). Eurasia Group's Gregory Brew assesses Iran has hit 11 ships since last Wednesday, and UKMTO says the IRGC ordered another inbound tanker to turn back. The market is betting US-backed shuttle convoys keep Gulf exports flowing. That's a thin premium on a hot strait: it can keep draining, or snap back on one bad hit. Does the convoy system hold, or does one tanker loss reprice Brent overnight? https://maritime-executive.com/article/ukmto-tanker-s-engine-room-on-fire-after-latest-hormuz-attack1d
    Dino Vibes Daily@DinoLeadingNews🚨 Iran says it won't back down on the Strait of Hormuz, the chokepoint for ~20% of global oil. Brent slid over 3% to $96.43, WTI dropped 2.16% to $86.48. A senior official claims the US already lost the military war. Escalation risk is back on the table.14h
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