TEHRAN - Iran's Islamic Revolution Guard Corps (IRGC) said Thursday that it had stopped three oil tankers from passing through the Strait of Hormuz, one of which caught fire after an explosion.

Iran's IRGC claims two oil tankers hit mines in the Strait of Hormuz. CENTCOM denies it. Here's what the escalation means for energy markets and crypto.

The Islamic Revolutionary Guard Corps (IRGC) announced targeting "two offending oil tankers" attempting to travel through the Strait of Hormuz.