Saudi Arabia says 2 oil tankers damaged by sabotage attacks

  1. Saudi Arabia has said that the two Saudi oil tankers were attacked off the coast of the United Arab Emirates.The incident took place near Fujairah port, just outside the Strait of Hormuz.
  2. Earlier,Iran had threatened to close the Strait of Hormuz if it was prevented from using the waterway.However,Iran has distanced itself from the attack.It has called for an investigation into the incident.
  3. Fujairah’s port is about 140 kilometers south of the Strait of Hormuz,the narrow mouth of the Persian Gulf through which a third of all oil at sea is traded.The facility handles oil for bunkering and shipping, as well as general and bulk cargo.
  4. The Strait of Hormuz is a vital shipping route linking Middle East oil producers to markets in Asia, Europe, North America and beyond.It has been at the heart of regional tensions for decades.
  5. The waterway separates Iran and Oman, linking the Gulf to the Gulf of Oman and the Arabian Sea.The Strait is 21 miles (33 km) wide at its narrowest point, but the shipping lane is just two miles (three km) wide in either direction.
  6. A fifth of global oil consumption passes through the Strait from Middle East crude producers to major markets.It is also the route used for nearly all the liquefied natural gas (LNG) produced by the world’s biggest LNG exporter, Qatar.

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