Two Saudi tankers were reportedly damaged off the coast of the UAE. One of the tankers was bound for the US.

Oil prices rose 2% following the reports.

The Sun reported:

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TWO Saudi oil tankers were hit by a “sabotage attack” off the United Arab Emirates, it was announced this morning – as tensions flare between the US and Iran.

The ships were struck off the coast of the port of Fujairah – with one of the tankers due to be loaded with Saudi crude oil bound for the United States.

Saudi energy minister Khalid Al-Falih revealed the tankers suffered “significant damage” – although it was unclear what the attack involved.

He said: “Fortunately, the attack didn’t lead to any casualties or oil spill; however, it caused significant damage to the structures of the two vessels.”

Trading and shipping sources identified the Saudi ships as Bahri-owned very large crude carrier (VLCC) tanker Amjad and crude tanker Al Marzoqah.