NEW YORK – Oil futures jumped on June 13 after suspected attacks on two tankers off the coast of Iran, while U.S. Treasury yields edged lower as economic data seemed to strengthen the case for the Federal Reserve to cut interest rates this year.
Reuters: Oil surges after Gulf tanker attacks
A picture obtained by AFP from Iranian State TV IRIB on June 13, 2019 reportedly shows fire and smoke billowing from a tanker said to have been attacked off the coast of Oman, at un undisclosed location. The crews of two oil tankers were evacuated off the coast of Iran on June 13 after they were reportedly attacked and caught fire in the Gulf of Oman, sending world oil prices soaring. The mystery incident, the second involving shipping in the strategic sea lane in only a few weeks, came amid spiralling tensions between Tehran and Washington, which has pointed the finger at Iran over tanker attacks in May. Iran said its navy had rescued 44 crew members after the two vessels caught fire in "accidents" off its coast.
