Oman’s Mina al Fahal terminal halts Oil loading after alleged drone attack – Reuters
Citing two people familiar with the matter, Reuters reported on Friday that Oman’s Mina al Fahal terminal has halted crude oil loading, following an explosion near its single-buoy mooring (SBM) berths.
Additional details
Alleged drone attack.
Mina al Fahal is located on the Gulf of Oman, outside the Persian Gulf, marking a geographical extension of infrastructure disruption beyond the Strait of Hormuz zone.
The cause of the explosion has not been confirmed yet.
Market reaction
The potential escalation in the Gulf conflict seems to have little to no impact on Oil prices, with WTI swinging between gains and losses around the $91 mark, as of writing.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Biotech Insider Trading in US Stocks Diverges: ImmunityBio (IBRX.US) Cashes Out the Most, Sellas (SLS.US) Director Bought In Before a 5x Surge
Insider trading in US-listed biotech companies shows divergence.
AI investment and consumer spending drive growth! UK Q3 GDP growth rate hits highest in two and a half years
As the widespread adoption of artificial intelligence (AI) continues to drive growth in corporate and consumer spending, and the economy demonstrates resilience in the face of an energy shock caused by the Iran war, the UK economy has achieved its fastest growth rate in two and a half years.
MSCI drops Strategy, Bitcoin eyes $70,000 as ETF outflows hit $300 million
AI servers + iPhone Duo dual engines drive, Foxconn Q3 net profit surges 34%, exceeding expectations
The financial report shows that Hon Hai's net profit for the third quarter reached TWD 77.5 billion, exceeding expectations, while revenue hit a record high of TWD 3.03 trillion. AI servers have become the primary growth engine, with the goal of capturing 50% of the global market share within two years and raising the gross margin to 10%. iPhone Duo sales are expected to reach up to 16 million units. Hon Hai Chairman Liu Yangwei stated that the shortage of memory chips and components will continue until 2027, and the performance forecasts for the company's four major product categories have been raised.
Crypto prices
More
