Summary
Iran has attacked energy targets in the Gulf, including tankers and storage facilities, causing significant fires and disruptions. Iran warned that any ships headed for the US, Israel, and their allies could be targeted. In response, both Israel and the US military launched attacks on Iranian infrastructure.
Key Facts
- Iran attacked two tankers near Iraq; one was US-owned, the other Greek-owned.
- Fires broke out in oil storage areas in Bahrain and Oman.
- A Chinese-owned ship near the UAE was also hit by an unidentified object.
- About 20% of the world's oil passes through the Strait of Hormuz, and recent conflicts have raised oil prices.
- Iran warned that oil could reach $200 per barrel and targeted financial institutions.
- The Israeli military began a "large-scale wave" of attacks on Iranian sites.
- President Trump stated that recent price changes relate to war, predicting a drop in oil prices.
- Iran suggested that they might target US and Israeli banks after an attack on an Iranian bank.
