Markets
Iran Strikes Fully Laden Kuwait Oil Tanker in Dubai Port
An Iranian drone hit a fully laden Kuwaiti oil tanker off Dubai early on Tuesday in one of the most significant attacks on a vessel in a month of war, pushing crude prices higher and heightening tension around the vital Strait of Hormuz.
The Al-Salmi, a Kuwait-flagged very large crude carrier, was in the anchorage zone of Dubai’s port, just 31 nautical miles northwest of the emirate and in an area packed with ships waiting to exit the Persian Gulf. The strike — which happened just after midnight local time — damaged the hull and started a fire on board, state-run Kuwait Petroleum Corp. said in a statement.