MUSCAT, Oman — Oman evacuated tens of thousands of people Wednesday, suspended oil exports, and closed the major port of Sohar as a weakening Cyclone Gonu roared toward the Strait of Hormuz _ the world's major transport artery for Persian Gulf oil.
Oil prices rose amid forecasts that the storm _ a rarity in the region _ was barreling toward Iran.
As heavy rains lashed coastal areas of Oman, authorities closed all operations at the port of Sohar and evacuated the 11,000 workers, port spokesman Dirk Jan De Vink said.
Sohar's oil refinery and petrochemical plant remained running at very low levels, with authorities considering a total shutdown, he said.
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This could be a calamity the could drawf Katrina! Oil prices could soar even higher than they are now. I look for prices to rise in the U.S even if the storm does minimal damage.
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