Iran Is Laying Mines in the Strait of Hormuz, U.S. Officials Say
A fifth of the world’s oil passes through the strait, making it a critical choke point in global commerce.
A fifth of the world’s oil passes through the strait, making it a critical choke point in global commerce.
Oil prices surged on Thursday after ships came under attack in the Persian Gulf, and Iran’s supreme leader vowed revenge for U.S. and Israeli airstrikes.
The economic fallout of the US-Israeli assault and Tehran’s retaliation is spreading fast, and pushing the most vulnerable towards disasterSoaring prices at the pump, the scrapping of mortgage deals, and the prospect of higher prices for everything fro…
Mojtaba Khamenei struck a defiant tone and signaled that Iran would not back down in a war that has spread across the Middle East.
Conflict is forcing producers to slash production and close ports as Iran steps up attacks on energy infrastructure.
The United States said this week that it had attacked 16 Iranian mine-laying vessels near the Strait of Hormuz. In the 1980s, Iranian mines damaged oil tankers and a U.S. Navy warship.
The move aims to prevent prices from rising further because of the war in the Middle East.
In an overwhelming vote, the council backed a resolution condemning Iran. A Russian proposal calling for an end to the war that didn’t assign blame or even name the parties, was rejected.
The United States and Israel launched more strikes against Iran, where crowds mourned military commanders killed in the war. Israel also bombed targets in Lebanon, where the death toll climbed.
Israel and the Iran-backed armed group Hezbollah in Lebanon traded strikes on Wednesday. Three ships were hit near the Strait of Hormuz, a vital oil route.