WorldAl JazeeraIran says two tankers catch fire after hitting mines in Strait of Hormuz
Two oil tankers carrying about two million barrels of crude each caught fire after hitting mines in the Strait of Hormuz, pushing global energy prices higher.
The vessels, each carrying about two million barrels of crude oil, used an unauthorised route, the IRGC says.
Iran's IRGC says two oil tankers, each carrying about two million barrels of crude, caught fire after striking naval mines in the Strait of Hormuz.
Iran has controlled the strait since a US-Israeli war began in late February, requiring all ships to seek its authorisation before transiting the waterway.
Oil flows through the strait have collapsed from nearly 20.8 million barrels on October 8 to just 2.9 million on October 11, and the disruption is driving up global energy prices and inflation.
The disruption has already pushed up global energy prices and inflation, so Australians may see higher petrol and energy bills flow through in coming weeks.
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