US and Iran strike commercial vessels in global waters, driving oil prices higher

The United States confirmed it targeted oil tankers in the Strait of Hormuz, a critical chokepoint for global oil exports. Iran claimed it struck US-flagged vessels in the same region, accusing Washington of escalating hostilities. The attacks followed weeks of heightened tensions between the two nations, with both sides accusing each other of destabilizing the region. Oil prices surged by over 5% within hours of the reported strikes, with Brent crude reaching $98 per barrel. Markets reacted with alarm, citing fears of further disruptions to supply chains. The International Energy Agency warned of potential long-term impacts on global energy security, though no immediate reports of casualties or significant damage to the vessels were confirmed. While all three sources reported the strikes, they differed in the specifics of the attacks. The Deccan Herald and Reuters provided limited details, while Arab News emphasized the geopolitical implications. No official statements from either the US or Iran confirmed the exact number of vessels attacked or the precise locations of the strikes.