Brent crude hit $90.02 after a Houthi attack killed four crew and US Central Command disabled a Panama-flagged ship violating the Iran blockade. 55 vessels redirected so far.
Alpha Score of 58 reflects moderate overall profile with strong momentum, poor value, strong quality. Based on 3 of 4 signals — score is capped at 90 until remaining data ingests.
Crude oil futures climbed Wednesday morning after two separate shipping incidents in West Asia raised fears of supply disruption. October Brent crude touched $90.02, up 1.25%, while September WTI reached $84.27, a 1.29% gain. On the MCX, August crude opened at ₹8,044, up 1.31% from the previous close.
According to a Reuters report citing Yemen's Transport Ministry, a suspected Houthi attack on a small cargo vessel in the Bab el-Mandeb Strait on Tuesday killed four crew members. Two Yemeni rescuers from an anti-Houthi military group were also killed, Yemen's Coast Guard said.
Separately, US Central Command said its forces fired two Hellfire missiles from an MH-60 helicopter into the engine room of the Panama-flagged m.v. Vela Nova after the ship's civilian crew ignored warnings. The vessel was attempting to violate the US blockade against Iran by sailing toward an Iranian port. Central Command said the Vela Nova is no longer transiting to Iran in violation of the blockade.
As of August 11, US Central Command reported it had redirected 55 commercial vessels attempting to run the blockade. It also boarded two ships and disabled three non-compliant vessels. Crude oil profile
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