US, Iran Exchange Tanker Attacks as War Continues
The US and Iran conducted significant retaliatory attacks on each other's oil tankers over the weekend. The US military reported striking three Iranian crude tankers, while Iran claimed to have hit three ships linked to the US navigating the Strait of Hormuz without authorization. This escalation marks the largest tit-for-tat exchange in the region recently.
These escalating attacks directly threaten energy markets, with Goldman Sachs warning of potential $120 Brent crude prices if tensions persist in the Strait of Hormuz. The ongoing conflict could further disrupt global oil supply and impact commodity prices.
The episode also discusses ongoing issues with diesel prices in the United States and comments from a top IRGC security official regarding potential further escalation of military strikes.
