UK reports tanker fire near Oman coast…… Iranian missiles hit ships in Hormuz

The United Kingdom Maritime Trade Operations (UKMTO) said an oil tanker was hit by a projectile and caught fire near Oman overnight on Monday. The incident occurred about 8 nautical miles east of Limah, with no casualties or environmental damage reported. “Authorities are investigating. Vessels are advised to transit with caution and report any suspicious activity to UKMTO,” the agency said.

Iran missiles hit ships in Hormuz

Two commercial ships were struck by missiles while traveling through the Strait of Hormuz, Axios reported, citing a United States official. Iran’s military reportedly launched at least two missiles on Monday night. The targeted vessels sustained damage, but no crew members were injured or killed, according to the official. The reported strikes came after a one-week US-Iran agreement to halt attacks in the strait expired.

NN: I learned a long time ago to wait and let the blizzard of  bullshit blow itself out. I repeat the world is still short oil in a big way. And despite bombastic blowoffs it will take a least a year for production and inports from the gulf to return to normal.