Iranian missiles hit two UAE tankers in Hormuz — Reuters
The United Arab Emirates (UAE) Ministry of Defence said that two UAE national tankers, the Mombasa and Al Bahiyah, were targeted by two Iranian cruise missiles in the southern lane of the Strait of Hormuz, in Omani territorial waters, Reuters reported on Tuesday. The source added that one Indian crew member was killed and eight others were wounded.
The UAE condemned what it called a "blatant attack" and said the country retained "its full right to respond to this escalation." The ministry further stated that the UAE remained fully prepared to deal with any threats and was taking all necessary measures to respond firmly to any attempts to undermine the country's security and stability.
Market reaction
Crude oil prices attract some buyers following this headline. At the time of writing, the West Texas Intermediate (WTI) is up 10.40% on the day at $78.85.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
"The Big Short" Burry Targets Nvidia (NVDA.US) Again: Criticizes Jensen Huang for Resembling Palantir CEO Karp, $150 Billion Buyback Raises Doubts
Michael Burry, a well-known skeptic of Nvidia (NVDA.US) and the broader AI infrastructure boom, has once again criticized the chip manufacturer, comparing CEO Jensen Huang to Palantir CEO Alex Karp.
Meme Coin Digest for September 29: $35 Billion Market Faces Major Reality Check
Novo Nordisk stock is oversold, but is the 70% collapse from its peak over?
Chainlink Price Prediction: Can LINK Clear $17.40 as Institutional Interest Builds?
Crypto prices
More
