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Price of oil jumped 4.4 percent when news of Thursday's attack broke (Photo: ezioman)

Europe's oil supplies 'at risk' after tanker attacks

Oil supplies to Europe and further afield are at risk of serious disruption, the world's oil tanker association has warned, following more attacks on shipping in the Persian Gulf.

"We need to remember that some 30 percent of the world's crude oil passes through the straits. If the waters are becoming unsafe, the supply to the entire Western world could be at risk," Paolo d'Amico, the head of Intertanko, the global association of privately-owned oil tank vessels, said on Thursday (13 Ju...

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Author Bio

Andrew Rettman is EUobserver's Foreign Affairs Editor. He has been writing about foreign and security affairs for EUobserver since 2005. He is Polish but grew up in the UK. He has also written for The Guardian, The Telegraph, and The Times of London.

Price of oil jumped 4.4 percent when news of Thursday's attack broke (Photo: ezioman)

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Author Bio

Andrew Rettman is EUobserver's Foreign Affairs Editor. He has been writing about foreign and security affairs for EUobserver since 2005. He is Polish but grew up in the UK. He has also written for The Guardian, The Telegraph, and The Times of London.

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