Oil tanker attacks raise fear of surge in global energy prices

The Guardian | Jun 14, 2019 at 3:35 PM
  • The attack on two oil tankers in the Gulf of Oman has escalated tensions between the US and Iran and raised fears of a surge in global energy prices.
  • The owners are seeking safety assurances, and are understood to be in talks to secure a naval escort for their cargoes through the waterway, through which almost a third of the world’s oil shipping passes.
  • A global escalation in oil and gas prices could provide an economic boom for the country.