Oil Prices Climb After U.S. Strikes Three Iranian Tankers and Iran Vows Revenge
WTI rose 0.72% to $92.14 a barrel after Centcom said it hit three Iranian oil tankers in response to missile fire on two U.S. warships.
- On Monday, Brent crude rose 0.63% to $96.89 per barrel and WTI climbed 0.72% to $92.14, as weekend strikes between U.S. forces and Iran intensified fears of prolonged supply disruptions in the Strait of Hormuz.
- U.S. Central Command reported Saturday that it struck three Iranian oil tankers—M/T Downy, M/T Stark, and M/T Kylo—near Kharg Island, Jask, and the Gulf of Oman after the IRGC targeted two U.S. warships with ballistic missiles.
- Following the attack, Admiral Brad Cooper stated, "If you shoot at two of our ships, we will impose an even higher economic cost," while Centcom confirmed 92 commercial vessels have been redirected since July 14.
- Iranian parliament speaker Mohammad Bagher Qalibaf declared the era of "proportionate responses" is now over, warning that future retaliations from Iran will be "faster, heavier and more painful."
- Mohsen Rezaei, secretary of Iran's Supreme National Security Council, suggested Iran would soon announce a new restricted zone outside the Strait, while independent tanker tracking estimates actual oil flows at about 5.04 million barrels per day.
33 Articles
33 Articles
The tension in the Strait of Ormuz reached a critical point, and in response to American strikes on three Iranian oil tankers, one of which was at the key export island of Khark, the Islamic Revolutionary Guard Corps responded with attacks, with consequences for world trade.
World oil prices are crawling up again, approaching $100 per barrel after another escalation in the Strait of Ormuz and new US and Iranian strikes on tankers.
Oil prices continue to rise on Monday, boosted by the escalation of tensions between the United States and Iran and the new attacks on oil tankers in the Strait of Ormuz. ...
Reformatorisch Dagblad
welingelichtekringen.nlOil prices were higher on Monday following US attacks on Iranian oil tankers and Iranian retaliatory attacks on ships near the Strait of Hormuz over the weekend. In addition, Iran has announced a no-entry zone outside the Strait of Hormuz. As a result, prices at Dutch pumps threaten to rise even further.
Oil up, bitcoin down as U.S. strikes Iranian crude carriers
Coverage Details
Bias Distribution
- 62% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
