US-Iran tensions spike as Washington destroys five Iranian oil tankers, Jordan intercepts ballistic missiles and oil prices surge near six-week highs.

Oil prices experienced a significant rise on Monday, following a spike in tensions between the US and Iran. The US struck three Iranian oil tankers in a bold move, while Iran…

The US military struck five Iranian tankers on Tuesday, sinking one, after Iran fired ballistic missiles at a US Navy warship, in a fresh escalation of fighting in the Middle East.