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US launches more strikes against Iran to keep Strait of Hormuz open
WTI crude was up 0.6% to $79.60 following the latest US military action and report of a disabled oil tanker in the waterway.
FXStreet reports that US Central Command, or CENTCOM, carried out another wave of strikes against Iran, with the stated goal of keeping the Strait of Hormuz open. The report says US aircraft fired missiles into an oil tanker’s smokestack in the critical waterway, disabling the vessel.
The report also says the US military indicated escalation beyond maritime operations, while President Donald Trump was asked by reporters about whether Iran faces any deadline before further US action, with Trump saying he does not like giving deadlines.
On the other side, Iran’s Islamic Revolutionary Guard Corps said it attacked US military assets in Bahrain, Kuwait, and Jordan, and claimed heavy damage to the US Fifth Fleet headquarters.
The report notes that WTI crude was up 0.55% on the day at $79.60 at the time of writing, tying the move in part to the region’s strategic importance for oil flows.
Latest closeWTI crude $80.18 ▲1.1%