Oil prices jumped on Monday on news that two Saudi oil tankers were supposedly attacked near the Persian Gulf, raising fears that supply may be at risk. Two Saudi oil tankers were reportedly hit with explosions over the weekend near the Strait of Hormuz, according to Saudi oil minister Khalid al-Falih. While the exact cause remains unknown, al-Falih said it was an act of sabotage. The attacks occurred in the Gulf of Oman, and resulted in “significant damage to the structures of the two vessels,” al-Falih said. The incident comes against a backdrop of rising U.S.-Iran tension, although there was no evidence of Iranian involvement at this point. A Saudi official told the Wall Street Journal that while the attackers are unknown, they doubted that Iran was behind it because of the risk of setting off a larger conflict. An American official agreed, telling the WSJ: “It would be […]