Brent crude oil tops $100 a barrel
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Videos surfaced online allegedly showing an oil tanker in the Persian Gulf that had come under attack from Iran.
Two oil tankers, including the US-owned SafeSea Vishnu, caught fire after reported explosive boat attacks in the Persian Gulf near Basra, Iraq. Officials said 25 crew members were rescued as flames and thick smoke engulfed one of the vessels along a key global oil shipping route.
A flotilla of at least 25 supertankers is heading to Saudi Arabia’s Red Sea port of Yanbu as the kingdom races to get its oil to market after the Iran war halted shipping through the Strait of Hormuz.
A Greek‑operated oil tanker has sailed through the Strait of Hormuz, ship tracking data showed on Monday, in a sign that some commercial vessels are still attempting to navigate the vital passage despite the U.
The United States last month sought to take ownership of the supertanker Skipper and the roughly 1.8 million barrels of Venezuelan oil it was carrying when it was seized in December. It was the first oil tanker seized as part of a U.S. strategy of increased pressure against Nicolas Maduro before the Venezuelan president was captured in January.
President Trump is pushing oil tanker crews to “show some guts” and sail through the Strait of Hormuz. “These ships should go through the Strait of Hormuz and show some guts, there’s nothing to be afraid of.
Hopes of a quick capitulation by the Iranian regime are dwindling as drones and missiles continue to rain down across the region
A drop in oil prices slowed after Defense Secretary Pete Hegseth warned the day would be America's "most intense day of strikes inside Iran."