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7/11, 8:03 AM (Source: TeleTrader)
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Revolutionary Guards deny claims about tanker

After reports citing unnamed officials from the United States Department of Defense that five Iranian boats attempted to capture the British Heritage, the Islamic Revolutionary Guard Corps said on Thursday that there was no encounter with any foreign vessel in the previous 24 hours, Fars wrote. The news agency, which is said to be linked to the branch of the Middle Eastern country's military, noted the allegations that IRGC was driven away by HMS Montrose, a frigate, after approaching the tanker owned by BP Plc. If there was an order to seize, the navy would "act promptly" and "decisively" in its zone of operations, the statement adds.

Western media organizations have learned from anonymous sources that the apparent incident occurred in the north of the Strait of Hormuz, one of the most crowded oil transportation corridors in the world. In the meantime, the United Kingdom and the US claimed there indeed was an incident and CNN reported that a US aircraft filmed everything.

West Texas Intermediate for delivery next month advanced 0.2% to $60.55 at 7:02 am CET and Brent for settlement in September was up 0.1% at $67.08 for one barrel. Today they touched $60.83, the strongest point since May 23, and $67.38, a level last seen on May 30, respectively.

Breaking the News / IT