Oil Prices Surge After Suspected Tanker Attack Near Iran

Oil prices jumped as much as 4% on Thursday after a suspected attack on two tankers in the Gulf of Oman near Iran.
Oil Prices Surge After Suspected Tanker Attack Near Iran
The sun sets behind an oil pump outside Saint-Fiacre, near Paris, France on March 28, 2019. Christian Hartmann/Reuters
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LONDON—Oil prices jumped as much as 4 percent on Thursday after a suspected attack on two tankers in the Gulf of Oman near Iran and the Strait of Hormuz, through which a fifth of global oil consumption passes.

The two tankers, the Marshal Islands-flagged Front Altair and the Panama-flagged Kokuka Courageous, have been evacuated and the crews were safe, shipping sources said.