Oil prices jumped Thursday morning to over $100 per barrel as Iran continued striking ships throughout the region. The global benchmark Brent crude climbed above $100 early Thursday morning for the first time since Monday before slipping slightly to $97.81. The spike came as Iranian attacks on ships in the Strait of Hormuz and Persian ...
Oil prices initially shot more than 9% higher as supply concerns worsened with Iranian attacks on commercial shipping around the Strait of Hormuz.
Markets seesawed on Day 13 of the war in the Middle East, as two oil tankers were struck by projectiles near Iraq's southern ports and attacks between Israel and Hezbollah intensified.
Strait of Hormuz, key transit passage for global oil trade, has been effectively shut down by Islamic Revolutionary GuardSign up for the Breaking News US email to get newsletter alerts in your inboxUS intelligence reporting sees direct attacks by Iran as the greatest threat to oil tankers going through the strait of Hormuz, the key transit passage for the…
Crude oil prices eased slightly on Thursday morning after briefly climbing above $100 overnight, as Iran moves to strengthen its hold over the Strait of Hormuz in an attempt to ramp up economic pain amid the ongoing war. Brent crude oil, the international benchmark, was trading about 4.7 percent higher at about $98 per barrel…
The latest incidents in or near the Strait of Hormuz come shortly after Iran warned the world to prepare for $200 oil prices.
Iran pursued its strategy of economic warfare on Thursday, attacking two oil tankers in the Persian Gulf and repeating its threats to cut off oil shipments through the vital trade route. The post Dramatic Explosions as Iran Attacks Oil Tankers in Persian Gulf appeared first on Breitbart.
The two most recent attacks, apparently carried out by explosive-laden boats, hit the tankers Safesea Vishnu and Zefyros in Iraqi waters.
Iranian strikes are escalating in the Middle East with new attacks aimed at driving up oil prices, hitting infrastructure and attacking ships near the Strait of Hormuz. An Iranian official now says the world should brace for oil to reach $200 a barrel. NBC’s Richard Engel reports for TODAY.
