US hits Iranian coastal sites as Hormuz truce breaks down
Why it matters: Oil rose more than 4% and only six vessels crossed the strait Sunday, underscoring risks to global energy flows.
Why it matters: Oil rose more than 4% and only six vessels crossed the strait Sunday, underscoring risks to global energy flows.
What's new: Trump dropped a proposed 20% cargo fee, while US officials tied Iran to seven ship attacks in the past week.
Why it matters: The renewed attacks deepen the Hormuz crisis after Iran moved to close the waterway, jolting oil markets and shipping.
Why it matters: Iran answered with attacks on Gulf states hosting US forces, putting oil and gas shipments and nuclear talks at greater risk.
What's new: CentCom said three nights of strikes have now hit more than 300 targets as Iran warned of a "severe response."
What's new: Washington also revoked a license for Iranian oil sales, sending crude prices up more than 3% and straining the June ceasefire.
Why it matters: The move jolted oil prices more than 3% and put a June ceasefire at risk as Iran threatened a response.
Why it matters: The exchange put U.S. troop hosts under fire and kept pressure on oil markets, with Brent crude above $92 a barrel.
Why it matters: The step could deepen the US-Iran standoff as ceasefire talks falter and Gulf allies seek compensation for damage.
Why it matters: Oil rose more than 2% as fighting again threatened the Strait of Hormuz, a key route for global energy shipments.