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News 2026-10-15 03:40 UTC

Iran Says Cargo Ship Sank After Mine Strike in Strait of Hormuz

Iran said a cargo ship struck a naval mine and sank in the Strait of Hormuz. Singapore separately reported that two Singapore-registered cargo vessels were struck by unknown projectiles; one sank and the other reached safety, with no injuries reported.

News 2026-10-14 00:00 UTC

Iran shifting tactics to step up attacks on shipping before US vote, officials say

Iran using new strategy to target ships in and beyond Hormuz, officials say Tehran aims to keep oil prices high in run-up to November vote, they say One Iranian official compares contest to a 'game of chess' US official says Iran using spotters but unable to prevent oil export ramp-up By Parisa Hafezi, Jonathan Saul an

News 2026-07-07 14:00 UTC

US Oil Futures: Crude Rises Over 1% on Supply Disruption Risks

() -- Oil benchmarks gained more than 1% on Tuesday supported by maritime hostilities in the Strait of Hormuz that are igniting concerns among traders of further supply disruption. The Brent futures contract rose 1.6% to $73.12 per barrel. West Texas Intermediate futures gained 1.5% to $69.60 per barrel. The upward pri