US military strikes reported near Kharg Island
Fox News reports US military strikes on targets near Kharg Island.
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Iran rial hits record low amid US oil blockade
Iran’s economy is starting to buckle six months into its war with the United States and Israel under the weight of a near-total oil export blockade imposed by the U.S. military. The United States has intensified economic pressure on Tehran, a campaign that President Donald Trump had previewed as "economic D-Day" for Ir
Crude oil tops $86 as Middle East tensions and mine incident bite
Crude oil futures climbed above $86 a barrel as Middle East tensions escalated, with US forces striking Iranian rocket launchers and threats to Kharg Island. Refinery strikes and SPR near-minimum operational levels lifted refined-product margins.