Updated Oct. 5, 2017 - 11 a.m. EST
(Bloomberg) -- Tropical Storm Nate has formed off of Nicaragua,and could grow into a hurricane that is forecast to strike theU.S. Gulf Coast late Sunday, potentially shutting down offshore oiland natural gas rigs and dealing another blow to citrusgrowers.
Nate was about 10 miles (16 kilometers) south of Puerto Cabezas,Nicaragua, with top winds of 40 miles per hour, the U.S. National Hurricane Center said an advisory at 8a.m. New York time. The storm’s forecast track has it scraping theeastern edge of Mexico’s Yucatan Peninsula before becoming ahurricane south of Louisiana on Sunday. Nate could come ashoreanywhere from Louisiana to Florida’s Panhandle.
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