The Latest: Crude over $62 a barrel after Mideast incident
The Associated Press
June 13, 2019 12:04 AM
This undated photograph from the United Arab Emirates’ Mission to the United Nations released Thursday, June 6, 2019, shows debris from the Saudi-owned oil tanker Amjad off the coast of Fujairah, United Arab Emirates. A joint statement released Thursday by Saudi Arabia, the UAE and Norway said the damage done to the four oil tankers off the UAE likely came from limpet mines placed by a “state actor” amid U.S. and Saudi allegations Iran carried out the sabotage. Iran has denied being involved amid heightened tensions between Tehran and Washington. (United Arab Emirates’ Mission to the United Nations via AP)
DUBAI, United Arab Emirates
The Latest on Mideast developments amid rising tensions in the Persian Gulf region (all times local):
Benchmark Brent crude oil has risen over 4% in trading, to over $62 a barrel after oil tanker incident in Gulf of Oman.
That’s according to early market figures on Thursday.
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A U.K. maritime safety group warned a short while earlier of an unspecified incident in the Gulf of Oman and urged “extreme caution” amid heightened tensions between Washington and Tehran and a high-stakes visit by the Japanese prime minister to Iran.
Iranian media claimed — without offering any evidence — that there had been an explosion in the area targeting oil tankers. A private intelligence firm later said an oil tanker was adrift and on fire.
The United Kingdom Maritime Trade Operations, which is run by the British navy, put out the alert but did not elaborate on the incident. It said it was investigating.
A U.K. maritime safety group is warning that an unspecified incident has taken place in the Gulf of Oman and is urging “extreme caution” amid heightened U.S.-Iran tensions.
The United Kingdom Maritime Trade Operations, which is run by the British navy, put out the alert early on Thursday. It did not elaborate but said it was investigating.
The U.S. Navy’s Bahrain-based 5th Fleet did not immediately respond to a request for comment.
The incident comes as Iranian media claimed — without offering any evidence — that there had been an explosion in the area targeting oil tankers.
Thursday’s maritime alert comes after what the U.S. has described as Iranian attacks on four oil tankers nearby, off the coast of the United Arab Emirates. Iran has denied being involved.
Japan’s top government spokesman says Prime Minister Shinzo Abe’s high-stakes trip to Iran is intended to help de-escalate tensions in the Mideast — and not specifically mediate between Tehran and Washington.
The remarks by Chief Cabinet Secretary Yoshihide Suga to reporters were apparently meant to downplay and lower expectations amid uncertain prospects for Abe’s mission.
Abe was to meet with Iran’s Supreme Leader Ayatollah Ali Khamenei on Thursday, the second and final day of his visit.
On Wednesday, after talks with Iranian President Hassan Rouhani, Abe warned any “accidental conflict” that could be sparked amid the heightened U.S.-Iran tensions must be avoided.
Tensions have escalated in the Mideast and Iran appears poised to break the 2015 nuclear deal with world powers. Washington pulled out of the agreement last year.