Drone strike sets 2 gas tankers ablaze at Egypt’s Damietta port
Why it matters: The blast hit a US-owned vessel, caused no casualties and added to a wider Middle East escalation that drove oil prices higher.
Why it matters: The blast hit a US-owned vessel, caused no casualties and added to a wider Middle East escalation that drove oil prices higher.
No casualties were reported, but Brent jumped more than 8 percent as the Middle East conflict spread toward Mediterranean shipping lanes.