An oil tanker belonging to the National Iranian Oil Company (NIOC) was hit and damaged by two missiles on Friday.
No Iranian government officials have blamed the attack on any side at this stage.
The tanker was 60 miles (96 kilometers) from the Saudi port of Jeddah on the Red Sea when the incident occurred, damaging its body. The explosion explosion resulted in an oil to leak into the Red Sea.
All the tanker’s crew members are supposedly safe.
Investigators were looking into the sources of the missiles. But Saheb Sadeghi, head of the public relations of the National Iranian Tanker Company said the missiles were “possibly” fired from Saudi soil.
The incident spiked the oil price if Brent Crude by 2% to just over $60, while WTI Crude climbed nearly 2% to $54.
A series of attacks on oil tankers and production facilities in the region has increased tensions in recent months. In September, Saudi Arabia’s Abqaiq oil processing facility was attacked in a series of drone strikes resulting in reducing oil production by 50 percent.
Houthi rebels claimed responsibility for the attack, but both Saudi and US investigators claimed “with very high probability” that it was launched from an Iranian base.