A satellite image shows a group of small boats near the Strait of Hormuz. The US accused Iran of attacking three commercial vessels in the waterway. ReutersInfoWashington reinstates oil sanctions on Tehran following attacks on ships in Strait of Hormuz
Oil prices surged more than 2 per cent on Wednesday, with Brent crude rising above $76 per barrel following renewed US-Iran hostilities.
The US launched strikes on Iran after Tehran was accused of attacking three commercial vessels in the Strait of Hormuz.
Washington reinstated oil sanctions on Iran, revoking a licence granted under a peace deal that had allowed Tehran 60 days of sanction-free oil sales.
Sirens were activated in Kuwait and Bahrain on Wednesday morning as regional tensions escalated following the US strikes.
