US and Iran Engage in Largest Wave of Tit-for-Tat Shipping Attacks Since War Began, Oil Prices Surge

Iran has announced attacks on 10 ships near the Strait of Hormuz, following the U.S. sinking five Iranian oil tankers, marking the most significant escalation of tit-for-tat attacks on shipping by both sides since the start of the six-month-old conflict. The attacks, which also included Iran firing ballistic missiles at a U.S. base in Jordan, have caused international Brent crude prices to breach $100 a barrel, impacting global energy markets and shipping routes.