
Record Hormuz Attacks Spark Oil Spike Amid US-Iran Control Dispute
Ship attacks in the Strait of Hormuz have reached record levels, with at least 12 vessels targeted in the week ending October 16. While the US claims control of the waterway, Iran asserts dominance through naval mines and projectiles. Oil flows have dropped to 68% of pre-war levels, pushing Brent crude to $110 per barrel, though commercial shipping continues due to high energy demand.









