Iran Attacks Hormuz Targets, Seeks to Bar US and Israeli Ships as Oil Tops $78
Updated
Updated · Mint · Aug 7
Iran Attacks Hormuz Targets, Seeks to Bar US and Israeli Ships as Oil Tops $78
3 articles · Updated · Mint · Aug 7
Summary
Tehran attacked what it called “hostile targets” in the Strait of Hormuz on Thursday night and, under a proposed Iran-Oman arrangement, plans to block US and Israeli ships and demand compensation from hostile states.
WTI crude climbed above $78 a barrel after nearly a 3% jump in the previous session, while Brent traded around $82 as hopes for a full reopening of the waterway faded.
Shipping traffic through Hormuz fell to 33 vessels from Monday to Thursday, down from 50 a week earlier, underscoring the immediate disruption around one of the world’s key oil chokepoints.
The escalation widened regional strain: Saudi Arabia said Houthi attacks injured 11 civilians in Najran, while Yemen government forces reported at least 58 troops killed in missile and drone strikes.
Trump said the war should end “pretty soon” and voiced optimism about Hormuz talks, but the latest attack and shipping curbs point to a tougher path to any reopening deal.