Iran Steps Up Attacks On Tankers & Facilities As Oil Surges

Oman's key oil export terminal was evacuated and two crude tankers were hit in Iraqi waters, as risks to global energy supply from the Middle East war deepened. Ships were ordered to leave the port of Mina Al Fahal in Oman as a precautionary measure, according to people who directly received a notice from a port agent. The attacks on the vessels off the coast of Iraq also prompted the nation's oil terminals to suspend operations. he latest developments point to an increase in retaliatory attacks from Iran, adding to pessimism that the war will persist for longer. Our EMEA News Director Will Kennedy joined Stephen Carroll and Caroline Hepker on Bloomberg Radio to discuss. (Source: Bloomberg)