Strikes on two tankers near Oman and in the Strait of Hormuz reported — CNBC

The British maritime security service United Kingdom Maritime Trade Operations reported that over the weekend it received information about at least two tankers that were struck in waters near Oman and Iran. On Saturday, the service received a report that an oil tanker had been hit by an unknown projectile four nautical miles east of Oman. On Sunday, a report was received about a similar strike on another tanker in the Strait of Hormuz, which damaged the vessel’s engine room, CNBC reports.

Tehran’s conditions

According to Iran’s state-run Nour News agency, Iranian parliament speaker Mohammad Bagher Ghalibaf said that the Strait of Hormuz would not be opened until Iran’s seven conditions, based on the Islamabad Memorandum, are met. He also said that Iran would not define its national security based on social media posts by U.S. officials.

Among Tehran’s conditions for the free passage of vessels through the strait are the cessation of U.S. “acts of aggression,” the naval blockade of Iranian ports and economic warfare, as well as the unfreezing of Iranian assets. One of the key U.S. demands is that Iran dismantle its nuclear weapons program.

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Oil market

According to CNBC, attacks on shipping in the Strait of Hormuz have been occurring regularly for several weeks. Before the start of the war on February 28, which the outlet describes as led by the United States and Israel, approximately one-fifth of global oil supplies passed through the strait.

Tensions in the region in recent weeks have supported energy prices and intensified inflation expectations worldwide. On Friday, Brent crude futures closed at $102.25 per barrel, while U.S. West Texas Intermediate closed at $91.11 per barrel.