UN’s IMO pauses Strait of Hormuz evacuation plan after cargo ship attacked
The UN's International Maritime Organization (IMO) paused the planned evacuation of more than 11,000 sailors stranded in the Strait of Hormuz after a Singapore-flagged ship passing through the waterway was attacked, BBC reported on Friday.
IMO chief Arsenio Dominguez said that several boats had already been evacuated, but the agency wanted to ensure that "necessary safety guarantees" would continue to be in place.
A White House official stated that it was too soon to say who struck the ship. The official, who spoke on condition of anonymity to discuss internal deliberations, said that the US was looking into which party was responsible for the strike, including whether it was an action ordered by high levels of Iran’s Islamic Revolutionary Guard Corps (IRGC) or a rogue decision by lower-level personnel.
Market reaction
Crude oil prices attract some buyers following this headline. At press time, the WTI Oil price trades 2.28% higher at around $71.35.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Pushing Forward Against the "AI Slowdown" Trend? Reports Suggest Kioxia Plans U.S. IPO to Raise at Least $10 Billion
Kioxia is reportedly considering raising $10 billion through a listing in the United States.
3 Altcoins Poised to Pump Soon: LTC, TRX, ADA
AI Computing Power Construction Shifts from "Lack of Electricity" to "Lack of Talent": Modularization Rises, Schneider, Vertiv, Eaton Embrace New Opportunities
Bernstein recently released a research report stating that, amid the rapid expansion of AI computing power, the main constraint affecting the development of data centers is undergoing a shift.
Zcash slides from $1,300, risk of $850 pullback before new rally
Crypto prices
More
