Published On: Thu, Jun 13th, 2019

Oil tanker ‘on fire in Gulf of Oman’ – Brent crude oil futures surge as ‘explosions heard’ | City & Business | Finance

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In an alert released earlier today, maritime officials in the UK urged “extreme caution” and said they were investigating after a distress signal was sent.

UK Maritime Trade Operations said on its website: “UK and its partners are currently investigating.”

An official at the port of Fujairah in the United Arab Emirates has told Bloomberg at least one tanker, Front Altair, is on fire.

Reports suggest the tanker was ablaze after loading oil in Abu Dhabi, with a distress signal supposedly being sent back to the UAE.

Meanwhile, Iranian media claimed claimed explosions were heard after two oil tankers were targeted in the area, but offered no evidence.

The cause of the fire remains unknown.

The price of brent crude futures rose following reports of the fire, and were up 4.10 percent to $62.43 a barrel at 7.50am BST.

More to follow…

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