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Oil Tanker on Fire in Sea of Oman; U.K. Body Starts Probe

A U.K. maritime body said it’s investigating an incident in the Sea of Oman after an oil tanker sent a distress signal to a port in the United Arab Emirates.

Tanker Front Altair was on fire, an official at the U.A.E. port of Fujairah and a person with knowledge of the matter said. The vessel had loaded oil from the Abu Dhabi in the U.A.E. before setting off to sea, according to data compiled by Bloomberg.

It wasn’t immediately clear what the cause of the fire was. The “U.K. and its partners are currently investigating,” U.K. Maritime Trade Operations said on its website.

Benchmark Brent crude futures gained as much as 1.8% and were trading at $60.99 a barrel.

Four vessels, including two Saudi oil tankers, were sabotaged near the Persian Gulf last month in what the U.S. said was an Iranian attack using naval mines, a charge Tehran denied.

Trading Central – BRENT: sentiment is a BUY TO 62.70 if above 60.25.

Number of Lots:
Required Margin:
Risk Management (200%):
Potential Profit / Loss @ 6250
€ 13,736.61
€ 27,473.21
€ 4,285.71
€ 27,473.21
€ 54,946.43
€ 8,571.43
€ 137,366.07
€ 274,732.14
€ 42,857.14
€ 274,732.14
€ 549,464.29
€ 85,714.29
€ 549,464.29
€ 1,098,928.57
€ 171,428.57

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