Despite market bets on a de-escalation in the Iran war, new evidence has emerged in recent days of strikes on tankers in the Strait of Hormuz and on energy infrastructure in the Middle East.On Tuesday, crude prices hit two-month lows after US officials downplayed the need for additional military action against Iran, with analysts noting President Donald Trump's more conciliatory tone since the Republicans' defeat in the November 3 midterm elections.However, there is little sign of attacks abating in November, after 37 ships were attacked in October, the highest monthly total since the start of the war, according to data from the Washington Institute for Near East Policy. Iranian media says three tankers hit on SundayVideos posted on social media on Sunday and verified by Reuters showed Navig8 Messi, a Singapore-flagged, medium-sized refined products tanker, on fire near the coast of Oman. An image captured by the European Union's Copernicus Sentinel-2 satellite on Sunday showed a large cloud of black smoke at the same location.It was one of three tankers hit on Sunday for using "unauthorised routes" through the strait, Iranian state broadcaster IRIB reported, citing the Islamic Revolutionary Guard Corps Navy.The vessel is managed by Navig8, majority owned by ADNOC Logistics & Services. Neither replied to emailed Reuters requests for comment.At the same time, US forces continued to enforce…
Tankers continue to burn in the Middle East despite hopes for de-escalation
The International Maritime Organization has confirmed 130 incidents, most of them attacks, in the region since the conflict began in late February, with at least 25 seafarers killed.
In brief
Despite market bets on a de-escalation in the Iran war, new evidence has emerged in recent days of strikes on tankers in the Strait of Hormuz and on energy infrastructure in the Middle East.On Tuesday, crude prices hit two-month lows after US officials downplayed the need for additional military action against Iran, with analysts noting President Donald Trump's more conciliatory tone since the Republicans' defeat in the November 3 midterm elections.However, there is little sign of attacks abating in November, after 37 ships were attacked in October, the highest monthly total since the start of the war, according to data from the Washington Institute for Near East Policy.
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