Strait of Hormuz tensions escalate as tanker attacks and retaliatory strikes deepen crisis
Two tankers were attacked on Tuesday while transiting the Strait of Hormuz through a passage in Omani waters, sharply intensifying an already fragile confrontation between Iran and the United States. The latest violence has placed the waterway at the centre of a wider military and economic standoff, with immediate implications for shipping and energy markets. Gulf states condemned the attacks and blamed Iran, while the United States responded with strikes on Iranian territory.Tehran then retaliated by striking Bahrain and Kuwait, according to the supplied reporting, and US President Donald Trump said the memorandum of understanding signed between Iran and the... [Continue Reading]
360LiveNews | 08 Jul 2026 18:59 LONDON
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Day News Recap: Iran tensions jolt markets as strikes, tanker attacks and fresh regional violence mount
Oil prices jumped after attacks on tankers near the Strait of Hormuz disrupted traffic through one of the world’s most important shipping lanes, adding to fears of a wider regional shock. Brent crude rose sharply and later hit a two week high as traders priced in the risk of further supply disruption. 🔗 🔗Donald Trump deepened the market turmoil by saying the ceasefire with Iran was over and warning that further US air strikes could follow, comments he made at the NATO summit in Ankara. He also said he was willing to consider selling F 35 fighter jets to Turkey... [Continue Reading]
360LiveNews Recap | 08 Jul 2026 18:14 LONDON
Oil prices rise after attacks on tankers near the Strait of Hormuz
Brent crude rose sharply on Wednesday after a series of attacks on fossil fuel tankers near the Strait of Hormuz disrupted traffic through one of the world's most important energy routes. The benchmark price climbed 5% to more than $78 a barrel, its steepest increase in nearly two months. The move came after attacks on at least three tankers within 48 hours, according to the supplied report.The incidents took place as vessels were transiting the narrow waterway between Iran and Oman, which is central to global oil and gas shipments. One of the targeted vessels was carrying about 8 million... [Continue Reading]
360LiveNews | 08 Jul 2026 17:00 LONDON
