Iran Strikes Oil Tankers in Strait of Hormuz as Conflict Escalates

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As Iran pinches the Strait of Hormuz, American farmers are getting squeezed

Lance Lillibridge is looking through his financial ledgers over the past few years, putting some perspective on the rising costs of fertilizer for most American farmers. Mr. Lillibridge, an Iowa corn grower and part of a family of farmers going back a century, has roughly 1,250 acres devoted to his corn crop – including a … Read more

American Petroleum Institute CEO calls Strait of Hormuz crisis

The Strait of Hormuz sees roughly 20% of the world’s oil flow through it, and tankers are stalled on both sides of the narrow chokepoint amid suspected Iranian drone attacks, rattling oil markets. Mike Sommers, president and CEO of the American Petroleum Institute, joins “The Takeout” with analysis. Source link

Suspected Iranian drones hit at least 3 ships in and around Strait of Hormuz

Suspected Iranian drones hit at least 3 ships in and around Strait of Hormuz – CBS News Watch CBS News Suspected Iranian drones hit at least three ships in and around the Strait of Hormuz overnight as fighting in the vital shipping lane escalates. CBS News chief correspondent Matt Gutman reports from Tel Aviv, Israel. … Read more

Why it’s so hard to get oil through the Strait of Hormuz right now

Global oil prices have sharply risen, though they have fallen slightly from highs seen last week, threatening wider economic instability across the world. Trump has threatened to hit Iran “20 times harder” if it disrupts this vital artery in the world’s fuel supply. Of the handful of tankers that have braved the crossing, around half … Read more

US destroys 16 Iranian mine boats as Strait of Hormuz oil showdown escalates

NEWYou can now listen to Fox News articles! U.S. forces destroyed 16 Iranian mine-laying vessels near the Strait of Hormuz Tuesday, U.S. Central Command said, in what officials described as a move to prevent Tehran, Iran, from disrupting one of the world’s most critical maritime chokepoints. The strikes come as oil traffic through the strait … Read more

US Says It Hit 16 Iranian Mine-Laying Ships Near Strait of Hormuz

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Iran signaling it may deploy mines to disrupt Strait of Hormuz, U.S. sources say

Washington — Iran may be getting ready to deploy naval mines in the Strait of Hormuz in an effort to further disrupt the key shipping lane, U.S. officials told CBS News. The American officials said Iran is using smaller crafts that can carry two to three mines each to lay them into the strait. While … Read more