Commodities
US Strikes Iranian Oil Tankers in Retaliation for Missile Attack
The United States has escalated its conflict with Iran by striking three Iranian oil tankers in response to a ballistic missile attack on two U.S. Navy warships.
No American personnel were injured, but the strikes mark the latest escalation in a month-long pause in fighting between the two countries.
The targeted vessels, M/T Downy, M/T Stark 1, and M/T Kylo, are part of what U.S. Central Command described as a 'multibillion-dollar shadow network' that funds the Iranian Revolutionary Guard and its regional proxies.
The strikes are part of a new 'tanker for tanker' policy approved by President Donald Trump, which directly mirrors Iranian attacks on shipping with retaliatory strikes on Iran's own oil fleet.