Iran said Wednesday it had attacked 10 ships near the Strait of Hormuz after the U.S. sank five Iranian oil tankers, with the attacks in and around the vital waterway sending the international Brent crude benchmark over $100 US a barrel for the first time since July.

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 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…

Tanker attacks in Strait of Hormuz spark fears of wider supply disruption

Renewed fighting stokes fears of deeper disruptions