Strait of Hormuz remains open after collision

Middle East

Monday, August 20, 2012

A U.S. Navy ship collided with an oil tanker close to the Strait of Hormuz on Sunday, and Oman is spreading the word that the waterway remains open and no one was injured during incident. Some 40 percent of the world's seaborne oil exports pass through the strait, so concerns over price and availability of oil have been raised, but these are unfounded according to a statement from Oman officials. The statement said no traffic has been effected and it's business as usual. ...

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