Trial now

VP Kirchner Highlights Fiscal Failures


July Trade Balance Data Due


Chilean Markets Closed For National Holiday


Bear steepening

Sign up now for free access to this content.

Please enter your details below and select your areas of interest.

United Kingdom Maritime Trade Operations (UKMTO) are reporting that a 'non-piracy incident' is taking place in the Gulf off the coast of Fujairah, one of the seven emirates constituting the United Arab Emirates. The incident is close to the strategically important Strait of Hormuz between the UAE and Iran, to the north-west of the ongoing incident.

  • Amichai Stein at Kann News tweets: "The warning notice [from the UKMTO], based on a third party source, advised vessels in the area to exercise extreme caution."
  • Tensions in the Gulf remain high between Iran on one side and the UK, Israel, the US, and Romania following a drone attack on an Israeli-managed oil tanker, the MV Mercer Street, which killed one UK and one Romanian national.
  • Iran has denied it was responsible for the attack, but the gov'ts of the UK, US, and Israel have all directly named Tehran as likely or definite culprits.

Map of Location of Incident

Source: UKMTO