Saudi state oil tanker company suspending shipments through Hormuz - FT

Jan 09 2020

The Financial Times reports that Saudi state oil tanker company is suspending shipments through Hormuz following Iranian missile strikes on US military bases in Iraq.

“I think a lot of people are waiting to see if there is any attacks or direct involvement of tankers,” said Richard Matthews, head of research at Gibson shipbrokers was reported as saying. “Beyond the obvious heightened risk, most people are in wait-and-see mode. We haven’t seen a significant shift in tanker rates or insurance rates yet, but it is still very much early days.”

FT article

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