Oil hits $100 as Iran targets tankers in the Gulf and Strait of Hormuz. Global energy markets shaken!
Tensions in the Gulf are escalating as Iran steps up attacks on oil and transport facilities. At least six tankers have been hit in the Gulf and Strait of Hormuz, pushing Brent crude above $100 per barrel. President Trump has warned that the U.S. must “finish the job”, while the IEA calls this the largest disruption to global energy supplies in history.
Oil hits $100 as Iran targets tankers in the Gulf and Strait of Hormuz. Global energy markets shaken!
Iran War Live: Oil Prices Soar Above $100 Amid Gulf and Strait of Hormuz Attacks
Tensions in the Middle East escalated further as Iran intensified attacks on oil and transport facilities, targeting strategic shipping lanes in the Gulf and the Strait of Hormuz. According to reports, at least six tankers have been hit in recent strikes, disrupting global energy supply chains.
The attacks have had an immediate impact on global oil markets. Brent crude prices surged past $100 per barrel, reflecting growing concerns over the stability of oil transportation in the region. Analysts warn that continued disruption could trigger a global energy crisis.
U.S. President Donald Trump responded to the attacks by emphasizing that the United States must “finish the job”, signaling potential military action to secure critical energy routes and protect international trade.
The International Energy Agency (IEA) stated that the current conflict has caused the biggest disruption to global energy supplies in history, highlighting the vulnerability of the world’s oil-dependent economies to regional instability.
Experts note that if tensions continue to escalate, not only oil prices but also global trade and shipping insurance costs could spike, further straining economies worldwide.
