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Oil Surges Past USD100 as Iran Claims Strikes on US Vessels, Tankers
(MENAFN) Oil prices jumped 2.2% Wednesday, with Brent crude futures pushing past $100 a barrel as escalating tensions between the US and Iran continued to rattle energy markets.
The international benchmark broke above the $100-a-barrel threshold as of 0730GMT, while West Texas Intermediate climbed 1.5% to $94.5 per barrel.
Iran's Islamic Revolutionary Guard Corps (IRGC) announced Wednesday that its naval forces had targeted two US vessels and eight oil tankers in the Persian Gulf, asserting that the strikes caused heavy damage to the targeted ships.
In a statement, the IRGC said the strikes were "carried out in response to US aggression, including an attack on five Iranian oil tankers in the Persian Gulf."
The IRGC did not name the US vessels or oil tankers it claimed to have struck, nor did it disclose when the alleged attacks occurred.
The statement further claimed that Iranian naval forces had targeted 10 additional vessels that "attempted to enter a restricted and unsafe area of the Strait of Hormuz," alleging they were operating with the "encouragement and support of the US military."
The two nations had signed a memorandum of understanding in June — brokered by Pakistan and Qatar — laying out steps toward ending hostilities, reopening the Strait of Hormuz and easing economic restrictions between them.
Since then, both sides have accused each other of failing to uphold their commitments under the agreement, as military tensions have persisted alongside ongoing disputes over sanctions and navigation rights through the Strait of Hormuz.
The international benchmark broke above the $100-a-barrel threshold as of 0730GMT, while West Texas Intermediate climbed 1.5% to $94.5 per barrel.
Iran's Islamic Revolutionary Guard Corps (IRGC) announced Wednesday that its naval forces had targeted two US vessels and eight oil tankers in the Persian Gulf, asserting that the strikes caused heavy damage to the targeted ships.
In a statement, the IRGC said the strikes were "carried out in response to US aggression, including an attack on five Iranian oil tankers in the Persian Gulf."
The IRGC did not name the US vessels or oil tankers it claimed to have struck, nor did it disclose when the alleged attacks occurred.
The statement further claimed that Iranian naval forces had targeted 10 additional vessels that "attempted to enter a restricted and unsafe area of the Strait of Hormuz," alleging they were operating with the "encouragement and support of the US military."
The two nations had signed a memorandum of understanding in June — brokered by Pakistan and Qatar — laying out steps toward ending hostilities, reopening the Strait of Hormuz and easing economic restrictions between them.
Since then, both sides have accused each other of failing to uphold their commitments under the agreement, as military tensions have persisted alongside ongoing disputes over sanctions and navigation rights through the Strait of Hormuz.
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