Attacks on oil tankers close to the port of Hormuz ##gan have a lasting impact on oil prices as freight charges increase on the pack of dollars in shipping costs . US Secretary of State Mike Pompeo said the attacks , for which the US blamed Iran , were a threat to international peace and security . Four tankers were attacked near the UAE and a drone attack was launched on a Saudi Arabian pipeline in march 2019 . The latest attacks were on two tankers close to the Strait . Since the earlier attacks , freight premiums have been raised by up to 15 % .
Attacks on oil tankers close to the Strait of Hormuz could have a lasting impact on oil prices as freight charges increase on the pack of rises in insurance costs. US Secretary of State Mike Pompeo said the attacks, for which the US blamed Iran, were a threat to international peace and security. Four tankers were attacked near the UAE and a drone attack was launched on a Saudi Arabian pipeline in May 2019. The latest attacks were on two tankers close to the Strait. Since the earlier attacks, insurance premiums have been raised by up to 15%.