"At least three commercial ships were struck near the Strait of Hormuz on Wednesday, according to a British government monitoring agency, as Iranian leaders declared that they were widening their assault on countries in the Persian Gulf, aiming to raise the economic price of the U.S.-Israeli military campaign to oust the government in Tehran."
"The Strait of Hormuz, a narrow shipping lane, is vital to the global oil trade and prices have soared since the bombing of Iran began on Feb. 28, amid fears of prolonged military action and market disruptions."
"Already, global oil and gas markets are in crisis as a result of disruptions in the Strait of Hormuz, where about 20 percent of world's oil supply passes daily. In response, the International Energy Agency proposed releasing up to 400 million barrels from strategic oil reserves to bring down soaring crude prices."
At least three commercial vessels were hit by unknown projectiles near the Strait of Hormuz on Wednesday, according to British maritime monitoring. The strikes occurred as Iranian leaders declared they were expanding attacks on Persian Gulf countries to increase economic costs of U.S.-Israeli military operations. The Strait of Hormuz, critical to global oil trade, has experienced price surges since bombing began February 28. Iran's Islamic Revolutionary Guard Corps threatened attacks on regional economic centers and banks linked to the U.S. and Israel, naming companies including Google, Microsoft, and Palantir as potential targets. U.S. Central Command reported eliminating multiple Iranian naval vessels and minelayers. Global oil and gas markets face crisis due to shipping disruptions, prompting the International Energy Agency to propose releasing 400 million barrels from strategic reserves.
Read at The Washington Post
Unable to calculate read time
Collection
[
|
...
]