Oil Shock: Iran Hits Ships Near Hormuz, Crude Tops $100
What Happened
Iran said it attacked 10 ships near the Strait of Hormuz, including two US vessels and several oil tankers, after the US reportedly destroyed five Iranian oil tankers. Iran also launched missiles toward a US-linked base in Jordan, marking a sharp escalation in the ongoing maritime conflict.
Key Takeaways
The attacks pushed Brent crude above $100 per barrel for the first time since July, raising concerns about global energy supplies and inflation. The Strait of Hormuz is one of the world's most critical oil shipping routes, making any disruption a major risk for energy markets worldwide.