Oman Evacuates Key Oil Port, Vessels Struck in Gulf Amid Deepening Crisis
Loading more articles...
Oman Evacuates Key Oil Port, Tankers Hit in Iraq as Gulf Crisis Escalates
C
CNBC TV18•12-03-2026, 10:41
Oman Evacuates Key Oil Port, Tankers Hit in Iraq as Gulf Crisis Escalates
•Oman evacuated its key oil export terminal, Mina Al Fahal, and two crude tankers were struck in Iraqi waters, deepening global energy supply risks.
•The conflict is expanding beyond the Strait of Hormuz, threatening ports like Mina Al Fahal and Salalah, which also suspended operations after drone attacks.
•Brent oil surged 10% despite a record 400-million-barrel release by the IEA, indicating market fears over persistent supply disruptions.
•Iraq's oil terminals suspended operations after the Marshall Islands-flagged Safesea Vishnu and Malta-flagged Zefyros were hit.
•The effective closure of the Strait of Hormuz has led Iraq, Kuwait, and Saudi Arabia to cut output, with concerns growing over broader regional supply.
