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Kuwaiti tanker struck by projectile in Strait of Hormuz, Brent crude surges above $90
OilPrice.com·KW · OM · GB·1 day ago
Oil prices rose to $95 per barrel following unverified reports of a strike on a Saudi-flagged tanker. The source of the report is a Telegram channel, and there is currently no corroboration from Saudi authorities or maritime security agencies regarding the incident or the vessel's status.
The US-Iran conflict is escalating with sustained US airstrikes against Iranian targets and a Houthi-declared maritime embargo against Saudi Arabia in the Red Sea. Oil prices are surging due to heightened regional instability and threats to shipping. The alleged US missile strike at the Shalamcheh border crossing, if confirmed, would represent a significant escalation.