The UAE issued a Iranian missile threat alert this morning. File Image / Pixabay
Crude futures rose on Friday morning after an exchange of fire between US and Iranian forces in the Strait of Hormuz on Thursday raised concerns over a possible breakdown in the fragile ceasefire between the two sides.
The ICE July Brent contract traded at $101.22/bl as of 5:08 AM in London, up by $1.16/bl from a settlement of $100.06/bl on Thursday.
US President Donald Trump confirmed in his social media post on Thursday that three US destroyers had successfully transited the Strait of Hormuz “under fire,” claiming Iranian missiles and drones targeting the vessels were intercepted and that the Iranian attackers and small boats involved were destroyed.
“Our three Destroyers, with their wonderful Crews, will now rejoin our Naval Blockade, which is truly a ‘Wall of Steel,’” Trump said.
Meanwhile, the UAE issued a national missile threat alert on Friday morning following missile launches from Iran.
“The UAE’s air defenses are currently dealing with missile and drone attacks originating from Iran, and the Ministry of Defense confirms that the sounds heard in various parts of the country are the result of the UAE air defense systems intercepting ballistic missiles, cruise missiles, and drones,” the UAE’s Ministry of Defense said in a social media post on Friday.
Ship & Bunker News Team
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