Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

Iran’s Rouhani Vows Response to Oil Tanker Attack

Published 10/14/2019, 12:04 PM
Updated 10/14/2019, 12:35 PM
Iran’s Rouhani Vows Response to Oil Tanker Attack

Iran’s Rouhani Vows Response to Oil Tanker Attack

(Bloomberg) -- President Hassan Rouhani vowed Monday that Iran would respond to an attack on one of its oil tankers in the Red Sea, saying the evidence suggested it was the work of a government not a terrorist group.

Addressing reporters in his first news conference since the U.S. abandoned the 2015 nuclear deal last year, Rouhani said officials in Tehran had seen footage of the incident and it was likely that several rockets were aimed at the tanker. He stopped short of assigning blame, but the vessel was sailing near the Saudi port of Jeddah at the time of the attack.

“This wasn’t a terrorist move, nor was it carried out by an individual. It was carried out by a government,” Rouhani said, adding that officials were also assessing rocket fragments.

Iranian Oil Tanker Attacked as Middle East Tensions Remain High

The Gulf has seen a surge in tit-for-tat attacks on oil facilities, drones and shipping traffic since Donald Trump’s administration tightened sanctions on Iran’s oil exports earlier this year. The measures are part of Trump’s “maximum pressure” policy aimed at forcing Iran to curb its ballistic missile program and support for proxy militia around the Middle East, but have been met with defiance by the Iranian government, which has, instead, rolled back its own compliance with the nuclear accord.

Although all sides have said they want to avoid war, repeated incidents pose a growing risk to supplies from the world’s most important oil-producing region.

The attack on the Sabiti tanker came weeks after a drone strike on a major Saudi oil facility which the kingdom blamed on Iran. Iranian officials have said they weren’t involved in the attack, which rattled global oil markets, and was claimed by Iranian-backed Houthi rebels in Yemen.

Latest comments

Hassan Rohani is absolutely right..
If the Iranian government didnt constantly lie about reports that they have repeatedly caused aggression and adversity, then maybe they would gain some credibility !?!
If the Iranian government didnt constantly lie about reports that they have repeatedly caused aggression and adversity, then maybe they would gain some credibility !?!
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.