The National Iranian Tanker Company (NITC) Braces for Possible Attack by Israel
Recent satellite imagery has shown a significant evacuation of oil tankers from the waters near Iran’s Kharg Island terminal, raising concerns about a potential Israeli counterattack on Tehran’s energy infrastructure. The National Iranian Tanker Company (NITC) seems to be preparing for imminent threats, as empty supertankers departed from Kharg Island in anticipation of possible military action.
The Kharg Island terminal, responsible for over 90% of Iran’s crude exports, plays a vital role in the country’s oil industry. The recent developments have caused a 5% surge in oil prices, marking the most substantial increase in over a year following statements from U.S. President Joe Biden regarding the escalating tensions.
While there is uncertainty surrounding the authenticity of the situation, the removal of tankers from Kharg Island’s vicinity signifies a potential shift in the region’s energy dynamics. Amidst geopolitical uncertainties and the looming possibility of Israeli retaliation, the global oil market remains on edge, anticipating further developments that could impact crude oil prices significantly.