US crude oil tops $80 per barrel after Iran says it attacked US tanker in Persian Gulf
Iran says it attacked a U.S. oil tanker in the northern Persian Gulf as part of escalating regional conflict, with nine vessels targeted since the war began, according to reports.
- U.S. crude oil prices rose above $80 per barrel as the escalating conflict involving Iran disrupted global fuel supplies and halted tanker traffic through the Strait of Hormuz, a key route for about 20% of the world’s oil exports.
- Gasoline prices in the United States have increased by about 27 cents in a week to an average of $3.25 per gallon, according to AAA, marking the sharpest jump since the surge that followed Russia’s 2022 invasion of Ukraine.
- Iran said it struck an oil tanker with a missile, while the British Navy reported a large explosion on a tanker in Iraqi waters. Ship owners have stopped sending vessels through the strait due to security fears, though President Donald Trump said the U.S. could provide insurance and naval escorts for tankers if needed.
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44 Articles
Iran claims to have attacked US tanker in Persian Gulf, says it controls passage in wartime
Iran’s Islamic Revolutionary Guard Corps claims an attack on an American oil tanker in the northern reaches of the Persian Gulf. The tanker is on fire, the statement asserts.
Fears of an oil shock are slamming stocks again after Iran says it attacked a crude tanker
VCG/VCG via Getty ImagesInvestors are growing jittery about higher oil prices again on Thursday.The worst-case fear is that higher oil prices could spike inflation and slow economic growth.Major indexes slid, with the Dow plummeting 900 points.Fears of soaring oil prices are battering markets again on Thursday after a brief respite in Wednesday's session.The sell-off in US stocks resumed as Iran said it attacked a crude tanker, reigniting fears …
Iran says it hit a US oil tanker in the Gulf and warns on transit through Hormuz
Iran’s Revolutionary Guards said on Thursday that their naval force struck a US oil tanker in the northern Gulf and that the vessel “is on fire,” raising fresh concerns about maritime security tied to the regional conflict and the safety of the Strait of Hormuz—one of the world’s most sensitive energy choke points.
Go to a boat loaded with explosives to attack a tanker with Bahamas flag in Iraqi waters is in Persian Gulf, according to Iraq.
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