Commodities
Brent Oil Surges as US Destroys Five Iranian Tankers
US forces have targeted five Iranian tankers carrying crude oil in a recent escalation of tensions between the two nations. On Tuesday, US Central Command reported that it had destroyed the vessels near the Kharg Island export hub and in the Gulf of Oman.
The attack comes after two attempts to hit a US Navy warship with ballistic missiles in as many days. Brent oil prices have moved closer to $100 a barrel following the strike.
The incident has significant implications for global energy markets, which are already under pressure due to supply chain disruptions and rising demand.