Oil price hits $100 as new Gulf ship attacks raise supply fears
TL;DR
Oil prices jumped to around $100 a barrel after fresh attacks on ships in the Gulf, with two foreign tankers hit near Umm Qasr and another incident reported north of Jebel Ali; casualties reported and terminals suspended as tensions in the Strait of Hormuz intensify. Analysts point to supply concerns as Iran threats persist, and major economies have pledged to release emergency oil reserves to cushion the impact.
- Oil price surges back to $100 as explosions reported on two more foreign ships in Gulf BBC
- Iran war live: Iraq shuts down oil port operations; Israel bombs Beirut Al Jazeera
- US orders petroleum reserve release in bid to calm markets – as it happened The Guardian
- Oil tankers burn near Iraq as Iranian strikes defy Trump's claim to have 'won' the war Reuters
- Two Tankers Attacked In Iraqi Waters, Oil Terminals Suspended Bloomberg
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