UN’s IMO pauses Strait of Hormuz evacuation plan after cargo ship attacked
The UN's International Maritime Organization (IMO) paused the planned evacuation of more than 11,000 sailors stranded in the Strait of Hormuz after a Singapore-flagged ship passing through the waterway was attacked, BBC reported on Friday.
IMO chief Arsenio Dominguez said that several boats had already been evacuated, but the agency wanted to ensure that "necessary safety guarantees" would continue to be in place.
A White House official stated that it was too soon to say who struck the ship. The official, who spoke on condition of anonymity to discuss internal deliberations, said that the US was looking into which party was responsible for the strike, including whether it was an action ordered by high levels of Iran’s Islamic Revolutionary Guard Corps (IRGC) or a rogue decision by lower-level personnel.
Market reaction
Crude oil prices attract some buyers following this headline. At press time, the WTI Oil price trades 2.28% higher at around $71.35.
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