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Terminal News·Council··1 min read

Iran escalates Hormuz attacks driving oil prices higher

Iran has targeted 24 vessels in two weeks in the Strait of Hormuz, pushing Brent crude to $106.37.

image · feed

Palanor Wire · composed from 4 outlets · every claim links to its sources

What happened

Iran is deploying new tactics to target ships transiting the Strait of Hormuz. 124 Twenty-four tankers and vessels have been targeted by Iran in two weeks. 5 Six vessels were targeted on Sunday alone. 5 The attacks mark the worst spate since the start of the war. 5 Iran is shifting tactics to step up attacks before the US vote. 4 Oil prices rose amid the escalating tensions. 123 Brent crude was trading at $106.37 per barrel and West Texas Intermediate at $94.72 per barrel. 2

Why it matters

The Strait of Hormuz is a critical shipping lane for global oil supplies. 1235

What to watch

Further Iranian escalation ahead of the US election could drive prices higher. 4

Sources · 5

  • [1]Oil rises amid growing Mideast tensions between Iran-backed Houthis and Saudi Arabia

    CNBC · Bluesky

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  • [2]Iran shifting tactics to step up attacks on shipping before US vote, officials say reut.rs/3TWGRUM

    Reuters · Bluesky

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  • [3]Oil Prices Climb Above $106 as Iran Threatens More Tanker Attacks

    OilPrice.com

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  • [4]Ships in Hormuz strait hit by worst spate of attacks since start of war

    FT Companies

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  • [5]Oil prices rise as Iran deploys new tactics to target ships transiting Hormuz reut.rs/3TSaB5d

    Reuters · Bluesky

    Read at source →

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