Energy

Iran Ramps Up Ship Attacks in Hormuz as Oil, Gas Flows Rise - Bloomberg.com

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DW NOTE

The Strait has been closed for 220 days. Ships aren't flowing through Hormuz — four transited on October 4 versus the usual 85 per day. Bloomberg's headline suggests Iran is escalating attacks on rising traffic. There is no rising traffic. There is a blockade, and it has not lifted.

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The Indian crude basket hit $123.29 per barrel last week, approaching levels recorded in March 2012, and adding 86% to the price Indian oil marketing companies pay, local media have reported, also noting the effect of a cheaper rupee. Since Indian companies pay for the oil they buy from abroad in U.

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Iran Ramps Up Ship Attacks in Hormuz as Oil, Gas Flows Rise - Bloomberg.com

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