|
Oil prices fell, moving closer to levels not seen since the war in Iran began in February.
|
|
;Resize=(620)) The UN International Maritime Organization (IMO) paused its program to shepherd ships and seafarers through the Strait of ?Hormuz on Thursday after a cargo ship reported a suspected attack, reigniting fears over a preliminary deal to end the Iran war.
|
|
A number of oil tankers sailed out of the Strait of Hormuz on Thursday along a United Nations-recommended route, defying threats by Iran that any ship not following its approved route "will be dealt with accordingly."The passage of the Liberian-flagged vessel — perhaps aptly named the Stoic Warrior — came amid continued uncertainty about the future of the crucial waterway.
|
|
The jump in oil exports comes as the threat level for ships crossing Hormuz has been downgraded to "moderate."
|
|
