Global oil prices surge above $94 a barrel after the U.S. strikes Iranian targets

Oil prices on Tuesday extended their increase from morning action after the U.S. military said it struck Iranian targets in the Strait of Hormuz in response to Tehran’s overnight attacks on ships transiting the vital waterway.

The ships were hit near Oman on Monday, the latest attacks on vessels in the Persian Gulf. Oil prices rose more than 2 percent.

Two supertankers carrying Saudi oil were struck by unknown projectiles within ‌minutes of each other while transiting outbound through the Strait of Hormuz late on Monday, according to shipping intelligence and tracking firms Marisks and Kpler.

The increase in shipping attacks comes after a period of relative calm in the war

By Florence Tan SINGAPORE, Sept 1 (Reuters) - Two supertankers carrying Saudi oil were struck by unknown projectiles within minutes of each other while transiting outbound through the Strait of Hormuz late on Monday, according to shipping intelligence and tracking firms Marisks and Kpler. "The near-simultaneous inciden

Two supertankers carrying Saudi oil were struck by unknown projectiles within minutes of each other while transiting outbound through the Strait of Hormuz late on Monday, according ‌to shipping intelligence and tracking firms Marisks and Kpler. "The near-simultaneous incidents represent a further escalation in the thre

Iranian and US blockades of the Strait of Hormuz have sharply curbed energy exports from the Gulf as both sides tried to assert their authority on the waterway.

Two tankers carrying Saudi oil attacked in Strait of Hormuz  Reuters