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 the U.S. Gulf Coast late Sunday, potentially shutting down offshore oil and natural gas rigs and dealing another blow to citrus growers.
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 8 a.m. New York time. The storm’s forecast track has it scraping the eastern edge of Mexico’s Yucatan Peninsula before becoming a hurricane south of Louisiana on Sunday. Nate could come ashore anywhere from Louisiana to Florida’s Panhandle.
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