The price of crude oil hit a 7-week high after the U.S. said it blew up 5 more Iranian oil tankers, triggering retaliation from Tehran.

The latest escalation came on Saturday when U.S. forces struck three Iranian oil tankers, according to U.S. Central Command. One of the vessels was hit off the coast of Kharg…

Oil prices rose as U.S. strikes on Iranian tankers and threats of stronger retaliation from Tehran intensified fears of further disruption around the Strait of Hormuz.

United States forces said it targeted and destroyed five Iranian oil tankers, sharply escalating tensions. In retaliation, Iran fired missiles toward American positions in Jordan,…

Oil prices surged dramatically following Iran's aggressive missile strikes on U.S. military targets, claimed by the Revolutionary Guards. Jordan's air defenses successfully…