Reports that three ships are on fire in the Gulf of Oman near the strait of Hormuz.

Reports that there are three ships on fire in the Gulf of Oman near the strait of Hormuz.

Social media sources so far.

Trying to confirm.

Oil is moving higher, which may be a support for the info. Be aware that its of a chicken/egg situation at times like this.

This article was written by Eamonn Sheridan at www.forexlive.com.