Oil Prices Surge After Iran Attack
How long prices remain high will depend on what the United States, Israel and Iran do next.
How long prices remain high will depend on what the United States, Israel and Iran do next.
One of the world’s most vital maritime arteries saw a 70 percent drop in vessel traffic.
Dozens of attacks were carried out by warplanes launched from bases and aircraft carriers in the region. President Trump said the targets included missile sites, Iran’s navy and nuclear facilities.
Iran’s extensive military abilities and network of regional proxies could draw the United States into a prolonged conflict.
The day before nuclear talks were set to resume, Iran conducted live drills in the Strait of Hormuz, a strategic waterway for oil and gas shipments.
The day before nuclear talks were set to resume, Iran conducted live drills in the Strait of Hormuz, a strategic waterway for oil and gas shipments.
The ship had lost contact with its managers while traveling near Iran on its way to Singapore last week. All 21 members of the crew are safe.
The ship had lost contact with its managers while traveling near Iran on its way to Singapore last week. All 21 members of the crew are safe.
The ship, which was flying a Marshall Islands flag, was passing through the Strait of Hormuz when it lost contact with its managers.
Iranian officials have threatened to mine the waterway, which is a key shipping route for oil and gas.