Menu

Oil Prices Surge After Iran Hits UAE Oil Facility With Drone and US Sinks 6 Iranian Boats
📰
0

Oil Prices Surge After Iran Hits UAE Oil Facility With Drone and US Sinks 6 Iranian Boats

Gizmodo·Matt Novak·28 days ago
#gyIrLQPD
#iranwar#oilprices#bookmark#close#monday#iran
Reading 0:00
15s threshold

Oil prices climbed Monday after the U.S. and Iran resumed fighting, disrupting a ceasefire that had largely held since April 8. And that’s bad news for anyone nervous about the days and weeks ahead after President Donald Trump decided to start a war that has managed to jack up energy prices around the globe. President Donald Trump kicked things off Sunday by declaring that the U.S. would escort ships from “neutral” countries through the Strait of Hormuz starting Monday morning in what he dubbed Project Freedom . The U.S. military claimed Monday that two U.S.-flagged merchant vessels had been protected as they transited the Strait , though the U.S. is obviously not a neutral country in this conflict. Iran responded by launching missiles and drones against U.S.-aligned targets on Monday, according to the Wall Street Journal , with one drone hitting the important oil hub of Fujairah in the United Arab Emirates and starting a fire.…

Continue reading — create a free account

Join HashtagPLUS to read full articles, follow hashtags, vote, and join the conversation.

Read More