Heavy explosions in the Strait of Hormuz on the verge of re-opening the global oil market An hour before the re-opening of the global oil market after the weekend, the Molomonitor base reported multiple attacks on oil tankers in the Strait of Hormuz. Reports indicate that the offending oil tankers were aimed at the southern corridor of the Strait of Hormuz. Last week oil traded with a significant jump up to 117 dollars per barrel.

Heavy explosions in the Strait of Hormuz on the verge of re-opening the global oil market An hour before the re-opening of the global oil market after the weekend, the Molomonitor base reported multiple attacks on oil tankers in the Strait of Hormuz. Reports indicate that the offending oil tankers were aimed at the southern corridor of the Strait of Hormuz. Last week oil traded with a significant jump up to 117 dollars per barrel.