Financial Ports

Iran Sinks 10 Ships in Hormuz Retaliation—Oil Hits $100 as Strait Shuts

CLAVE 1 / 4Iran claims it attacked 10 ships near the Strait of Hormuz after US forces sank five Iranian oil tankers.

CLAVE 2 / 4The US struck the tankers in retaliation for two missile attacks on a US Navy warship by Iran’s Revolutionary Guard.

CLAVE 3 / 4Oil prices surged to $100.70 a barrel, a 2.83% increase, as the Strait of Hormuz effectively closed.

CLAVE 4 / 4Iran’s Foreign Ministry warned of further escalation after the US targeted its tankers and a Jordanian base.

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