Iran War Drives Oil Prices to $100 per Barrel as Tehran Strikes Ships
Iran said it hit 10 ships and a U.S. base after American forces sank five oil tankers, deepening the shipping disruption.
- On Wednesday, Iran attacked over a dozen vessels near the Strait of Hormuz, escalating the six-month conflict after the United States destroyed five Iranian oil tankers on Tuesday and driving Brent prices above $100 per barrel.
- Tehran has choked off the strategic Strait while Washington presses a counter-blockade of Iranian ports, creating the largest wave of shipping strikes since the conflict began six months ago.
- The Islamic Revolutionary Guard Corps reported attacking two United States vessels and 10 "non-compliant vessels," while The United Kingdom Maritime Trade Operations said "several" ships in The Gulf were "subject to disabling fire as part of ongoing military activity in the region."
- Rising oil prices reflect market fears that the conflict will disrupt supplies, as Iran's foreign ministry labeled the tanker attacks "an overt threat to regional and international peace and security."
- US Secretary of State Marco Rubio said on Tuesday in Colombia that "Iran continues to try to hit US naval ships," warning the country will lose more tankers in retaliation for each attack.
21 Articles
21 Articles
Radio France Internationale
Iran war drives oil prices to $100 per barrel as Tehran strikes ships
The attacks came with the six-month war between the United States and Iran deadlocked, as Tehran chokes off the strategic Strait of Hormuz and Washington presses a counter-blockade of Iranian ports. Iran's Revolutionary Guards said on Wednesday they attacked two US vessels, eight oil tankers, and 10 "non-compliant vessels" that were trying to pass through the strait, Iranian state media reported. The United Kingdom Maritime Trade Operations (UKM…
Oil hits $100 per barrel after US hit Iranian tankers near Strait of Hormuz
Global oil prices topped $100 per barrel on Wednesday, with Brent Crude hitting its highest price point since late July, as the United States and Iran exchange airstrikes this week in the Strait of Hormuz. Brent Crude, the marker for worldwide oil prices, rose about 3% on Wednesday morning to reach over $100 per barrel, […]
Tehran further extended its maritime restrictions beyond Ormuz, while a new wave of retaliation hit ships and military installations and brought the oil back above $100
Coverage Details
Bias Distribution
- 40% of the sources lean Left, 40% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
