Oil prices jump after Iran and U.S. attack commercial ships as tensions escalate over Strait of Hormuz
Crude oil prices surged Sunday, as the U.S. and Iran teetered on the brink of a renewed war after attacks on commercial ships in the Strait of Hormuz.
Strait of Hormuz Traffic Is at a Standstill Again
Few vessels are crossing after Iran reversed course on reopening the vital waterway and ships came under attack.
USNI News
UPDATED: Two U.S. Warships Sail Through Strait of Hormuz to Establish New Route for Merchant Ships
Two Navy guided-missile destroyers entered the Strait of Hormuz on Saturday, the first American warships to transit the strait since the U.S.-Israel offensive in Iran began on Feb. 28. USS Frank E. Peterson (DDG-121) and USS Michael Murphy (DDG-112) are now in the Persian Gulf after transiting the strait as part of the U.