U.S. and Iran Exchange Tanker Strikes in Strait of Hormuz

U.S. Central Command reported destroying five Iranian crude oil carriers, including the M/T Riesco which sank, after Iran's IRGC targeted a U.S. Navy warship with ballistic missiles that missed.

Iran claimed it hit two U.S. vessels, eight oil tankers, and ten other ships in the largest single attack in the strait.

The escalation has pushed oil prices toward $100 a barrel, raising fears for global energy supplies and shipping safety as both sides frame their actions as defensive.