Iranian tanker explosion said to be caused by missiles - SHANA

According to the Iranian news agency, SHANA, the alleged terrorist attack on the Iranian tanker is said to have been caused by missiles.

Markets await further updates, as the geopolitical risks in the Mid-East continue to flare up and underpin the sentiment around the barrel of oil.

Both crude benchmarks jumped nearly 2%, in a knee-jerk reaction to the Iranian tanker explosion news.