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Oil spikes as Hormuz attack halts evacuation amid Iran-US-Israel tensions

1 min read
Source: Al Jazeera
Oil spikes as Hormuz attack halts evacuation amid Iran-US-Israel tensions
Photo: Al Jazeera
TL;DR

Oil prices rose after a cargo vessel was struck in the Strait of Hormuz, prompting the International Maritime Organization to pause its planned evacuation of ships. Brent crude climbed into the mid-70s as markets reassessed supply risks amid ongoing US-Israel tensions with Iran and a drop in Asian equities.

Topics:worldeconomy#brent-crude#economy#evacuation-plan#oil-prices#strait-of-hormuz#us-israel-war-on-iran
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  1. Oil prices climb after attack in Strait of Hormuz halts evacuation plan  Al Jazeera
  2. Iran strikes vessel, pausing UN efforts to evacuate ships from Hormuz  CNN
  3. Iran-US war live: Tehran attacks cargo ship in Strait of Hormuz  The Independent
  4. Iran-U.S. Updates: Iran strikes vessel in Strait of Hormuz amid debate over "transit fees"  CBS News
  5. Exclusive | Iran Attacks Cargo Ship, Testing Trump’s Deal to Reopen Strait  WSJ

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