US-Iran Tanker War Escalates, Threatening Global Oil Supplies

The United States and Iran have increased attacks on oil tankers in the Strait of Hormuz, raising concerns about global oil supplies and prices. The US Central Command (CENTCOM) reported that two US warships successfully avoided ballistic missiles fired by Iran, but the US then struck three Iranian oil vessels.

According to CENTCOM, one tanker was hit off Kharg Island, which handles about 90% of Iran's crude exports before the war. Another tanker was targeted near Jask, while a third unladen vessel was attacked in the Gulf of Oman after its crew was ordered to leave the ship.

The US claims these attacks are meant to punish Iran economically, but defence analyst Wolfgang Pushtai believes the choice of targets is significant because they target the 'backbone' of the US military campaign against Iran.

Oil revenue has become crucial for Iran since the US began blockading its ports in April. The blockade has made it harder for Tehran to export oil normally, increasing the importance of alternative shipping networks.