Oil tanker hit by missile in Gulf of Aden after transiting Red Sea

Fire is seen after an airstrike launched by the United States and Britain close to Sanaa in Yemen, Jan. 12, 2024. The United States and Britain launched a number of airstrikes on Houthi army websites across the Yemeni capital Sanaa earlier than daybreak Friday, Houthi-controlled Saba information company and residents mentioned.

Xinhua News Agency | Xinhua News Agency | Getty Images

An oil tanker operated on behalf of Trafigura was struck by a missile on Friday after transiting the Red Sea, an organization spokesperson instructed CNBC in assertion.

The Marlin Luanda, a petroleum merchandise tanker vessel, was struck by the missile in the Gulf of Aden. Firefighting gear on board is getting used to suppress a hearth in one of the cargo tanks, the spokesperson mentioned.

“We stay in contact with the vessel and are monitoring the scenario rigorously,” Trafigura mentioned. “Military ships in the area are underway to offer help.”

Houthi militants claimed accountability for assault, describing the vessel as a “British oil ship.” The militants used a “quantity of applicable naval missiles, the strike was direct and resulted in the burning of the vessel,” the Houthis’ military spokesperson Yahya Saree mentioned in a press release.

Houthi militants in Yemen have attacked industrial vessels transiting the Red Sea since November in help of Palestinians. The U.S. and UK started a collection of airstrikes in opposition to the militia on Jan. 11 geared toward deterring the Iranian-backed group.

Houthi militants fired a ballistic missile on the U.S. Navy destroyer Carney in the Gulf of Aden earlier on Friday, in response to U.S. Central Command. The missile was shot down by the Carney. No accidents or injury had been reported, in response to CENTCOM.

Several of the world’s main oil tanker corporations paused traffic towards the Red Sea instantly after the U.S. and Britain started launching airstrikes in opposition to the Houthis earlier this month.

U.S. crude oil on Friday settled at $78.01 a barrel to shut out its greatest week since Sept. 1. The international Brent benchmark settled at $83.55 a barrel, posting its greatest week since Oct. 13.

The West Texas Intermediate contract for March was final up 74 cents, or 0.96%, at $78.10 a barrel. The Brent March contract was buying and selling at $83.73 a barrel, up $1.30 or 1.58%.

Oil futures haven’t responded dramatically to escalating tensions in the Middle East up to now as a result of there has not been a significant disruption to provide. Analysts have warned {that a} direct confrontation between the U.S. and Iran may ship costs considerably increased.

Robert Thummel, portfolio supervisor at Tortoise Capital, instructed CNBC on Thursday that the market just isn’t pricing sufficient geopolitical danger into crude costs. Thummel mentioned WTI ought to actually be buying and selling at $85 proper now given the tensions in the Middle East.

This is a creating story. Please verify again for updates.

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