00:00the world's most important oil artery is under attack and tonight the cost of everything just moved on thursday october
00:08twenty ninth fire broke out on tankers passing through the strait of hormuz the narrow waterway between iran and oman
00:15that carries roughly a fifth of the world's oil
00:19britain's maritime trade agency confirmed the first strike in detail a panama flag tanker the louise one was hit by
00:26two explosive devices attached to its hull 25 nautical miles northeast of oman's kasab
00:33the blasts set the engine room on fire and temporarily disabled the ship the fire is out now the crew
00:41is safe and the vessel is heading to its next port
00:44hours earlier the same agency reported a second tanker struck by an unknown projectile while sailing out of the strait
00:52and in the same waters an omani dhow caught fire and sank nine nautical miles north of kasab its crew
00:59was rescued
01:01then came tehran's version of events and it was far bigger iran's revolutionary guards claimed three oil
01:09tankers hit sea mines exploded and caught fire while trying to use what it called an unauthorized southern
01:15route through the strait tehran says those ships had switched off their radar and navigation systems and
01:21ignored warnings from its navy that claim has not been independently confirmed iran then declared the
01:28strait closed to what it called violating ships and claimed it had captured an american drone the united
01:35states military denied the drone claim so what is the strait of hormuz and why does a fire there move
01:42prices worldwide within hours it is a 21 mile wide choke point at the mouth of the persian gulf and
01:50about
01:5020 million barrels of oil and liquefied natural gas passed through it every single day there is no easy
01:57detour pipelines bypass only a fraction of that flow and the world felt it on friday brent crude climbed to
02:05115 dollars and 74 cents a barrel and american crude topped 102 dollars oil is now on track for a
02:15fourth straight monthly gain its steepest since july the worry spread beyond the water 11 european
02:23countries announced they will release 42.6 million barrels from strategic reserves to steady diesel prices
02:29before winter and two of america's biggest oil companies exxon mobil and chevron cancelled plans to send
02:38executives to the united arab emirates biggest oil show next week on the same thursday yemen's houthis
02:45claimed attacks on saudi oil sites including the ras tanura and rebig refineries and an aramco facility at abgaiq
02:53a saudi-led coalition said it intercepted a cruise missile aimed at the kingdom's western region
03:00diplomacy is moving too but slowly president trump said vice president jd vance reached out to iran
03:08over medical supplies after reports vance wrote to tehran about reviving talks
03:14iran confirmed it received a letter but has not responded and says washington must first meet his
03:19conditions at the same time american officials have reportedly warned allies to prepare for
03:25possible strikes against iran after the midterm elections though no final decision has been made
03:32that is why this story is bigger than one burning tanker it is about energy winter and the line between
03:40pressure and war if hormuz shipping stays restricted fuel food transport and heating costs all rise
03:48and those reserve releases show governments are already bracing the next days will tell us which
03:54version of thursday is true whether tankers return to the strait and whether talks get a real chance
04:00for the latest live updates and trending news visit our website newsplusglobe.org
04:08for live updates follow newsplusglobe on every platform and subscribe on youtube
04:15the world's oil artery is under attack we will keep watching the strait so you do not have to
