US-Iran Tensions Escalate as Oil Prices Soar to 6-Month High The already volatile situation in the Middle East has taken a dramatic turn, with the US military launching its ninth night of strikes against Iran. The latest wave of attacks, carried out by the Revolutionary Guard, targeted US aircraft in Jordan and disrupted two tankers in the Strait of Hormuz, a critical waterway that connects the Persian Gulf to the Gulf of Oman. As a result, the price of oil has surged to a six-month high, with Brent crude rising 2.72% to $90.50 a barrel. The US military claims the strikes are aimed at holding Iran accountable for its actions, but the move is likely to further escalate tensions between the two nations.
Revolutionary Guard says it targeted US aircraft in Jordan and stopped two tankers in strait while American military says it is ‘holding Iran accountable’US launches ninth night of Iran strikes as strait of Hormuz standoff sees oil price pass $90 a barrelThe price of oil jumped in early Asian trade on Monday after the US carried out its latest wave of strikes on Iran and a vessel caught fire in the strait of Hormuz.Brent crude for September delivery rose 2.72% to $90.50 a barrel by around 0100 GMT, after briefly crossing $91 – its highest price since June.CENTCOM assets targeted Iranian military command centers, air defense and coastal surveillance sites, maritime capabilities, missile and drone launch sites, and communications networks to further diminish Iran’s ability to attack commercial vessels and civilian mariners transiting the Strait of Hormuz.The U.S. military is holding Iran accountable at the Commander in Chief’s direction. Continue reading...
