Energy

US attacks 5 Iranian oil tankers, Tehran retaliates with strikes on Jordan - Al Jazeera

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DW NOTE

The Strait has been effectively shut since February and the U.S. announced a six-month mine-clearing timeline three weeks ago. If Washington just struck five Iranian tankers, those mines aren't getting cleared — they're getting reinforced. Oil is trading at $92 because markets stopped believing any of this matters to supply. They may need to reconsider.

Read the full story at Al Jazeera →

Oil prices continued to climb towards the $100 mark in early Asian trading on Wednesday after the U.S. destroyed five more Iranian crude tankers and Iran targeted U.S. forces in Jordan. These attacks are just the latest phase of a major escalation that began over the weekend when U.S. forces hit thr

US attacks 5 Iranian oil tankers, Tehran retaliates with strikes on Jordan - Al Jazeera

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Oil Nears $100 as U.S. Destroys Five Iranian Tankers