Iran claimed responsibility for striking one of two oil tankers that were burning off the Iraqi coast on Thursday. The International Energy Agency warned that the war had caused “the largest supply disruption in the history of the global oil market.”
Iran War Causing Largest Ever Oil Disruption, I.E.A. Says - The New York Times
Conflict is forcing producers to slash production and close ports as Iran steps up attacks on energy infrastructure.
Why Oil Prices Surged Even After the Release of Strategic Reserves
Reserves or no reserves, the outlook remains bleak as long as a major oil and gas trade route remains virtually closed.
Iran Attacks at Least One Ship in the Strait of Hormuz, a Key Oil Passage
Three vessels were hit in and around the Persian Gulf on Wednesday, according to a British maritime agency. Iran claimed responsibility for one.
Iran targets ships, Dubai airport and oil facilities as economic concerns mount
Iran sends millions of oil barrels to China through Strait of Hormuz even as war chokes the waterway
Iran promises $200 per barrel oil
