R.I.P. Scout26
WTI crude has dropped below $70 a barrel. RBOB is currently sitting at $2.39 a gallon, down another five cents.
Looks like it's time for the US Navy to start escorting tankers through the straits again.
Well Iran is trying to put the brakes on that, they seizes another tanker. 2nd in a week.https://www.foxnews.com/world/iran-seizes-second-oil-tanker-week-us-navy-says
I just read that story and am wondering what's going on. It was heading to the UAE. The story is short on info on the "why", and I am wondering why other ME countries might not be getting riled by this?
China has such a big Navy these days (everyone says so). Why don't they send some destroyers to escort tankers? Surely they have the range and capability to operate beyond the South China Sea.