(Bloomberg) — A National Iranian Oil Company tanker caught fire after an explosion in the Red Sea near the Saudi Arabian port of Jeddah, the Islamic Republic News Agency reported, citing the company’s press office.Oil prices extended gains after the report, which comes amid heightened tensions in the Middle East following drone strikes on a key Saudi Arabian oil facility last month. The explosion is likely an act of terrorism, according to the Islamic Student’s News Agency, an arm of the Islamic Revolutionary Guard Corps, which cited unnamed experts. The Saudi government’s Center for International Communication did not immediately respond …read more
Source:: Yahoo Finance
