Iran’s Islamic Revolutionary Guard Corps claims responsibility for striking four vessels in the northern Gulf and reports that three additional ships were damaged by mines near the Strait of Hormuz, raising concerns over potential disruptions to global oil supplies. The attacks come amid heightened tensions in the Middle East, following recent strikes in Saudi Arabia that have already sent oil prices surging. Brent crude, the global benchmark, climbed by 3% to its highest level in over three months, reflecting fears of further supply chain interruptions. Market reactions and the broader impact on shipping and energy costs are drawing attention as the situation unfolds.
Iran’s IRGC says it hit four vessels in the northern Gulf and three more struck mines near the strait of HormuzShipping workers: how is the Middle East conflict affecting you?Business live – latest updatesOil prices jumped to a five-month high on Thursday after attacks in Saudi Arabia and hits to tankers in the strait of Hormuz threatened further disruptions to the world’s crude supply.Brent crude, the international benchmark for oil prices, rose by 3% to hit $112 a barrel for first time since 18 May. Continue reading...
