Iran threatens wider Hormuz exclusion zone after tanker strikes
AI Summary
Amid increasing tanker attacks near the Strait of Hormuz, Iran has threatened to expand the exclusion zone, escalating tensions in this strategic maritime corridor. This situation has caused Goldman Sachs to warn of potential Brent oil prices hitting $120 per barrel if attacks on shipping vessels continue.
The increasingly violent tanker war around the Strait of Hormuz is threatening to send oil prices sharply higher, with Goldman Sachs warning today Brent could hit $120 a barrel if attacks on shipping intensify. The warning comes after another extraordinary weekend at sea in which Iran claimed attacks on three tankers, the US destroyed or …