Daily Market Updates: Iran says it hit American vessels near Strait of Hormuz

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Iran says it hit American vessels near Strait of Hormuz

The reports describe renewed U.S. and Iranian attacks in the Strait of Hormuz, with President Donald Trump saying oil prices will fall quickly once the conflict ends.

Reported · Written up by our desk · Trade & Tariffs

CNBC Markets reports that Iran said it struck American vessels and oil tankers in the Strait of Hormuz, framing the action as retaliation for U.S. strikes.

CNBC World adds that the U.S. and Iran traded new attacks in the region, keeping pressure on shipping through one of the world’s key oil chokepoints.

The coverage also notes that President Donald Trump said oil prices will drop fast once the Iran war ends.

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Sources

CNBC MarketsIran says it hit American vessels, oil tankers in Hormuz in retaliation for U.S. strikes

CNBC WorldIran says it hit American vessels, oil tankers in Hormuz in retaliation for U.S. strikes

Global Markets

Iran says it hit American vessels near Strait of Hormuz

More like this

Sources

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