The U.S. carried out strikes near the Iranian island of Khark — Fox. Brent crude prices exceeded $99
Iranian oil tankers were the target of an attack by the U.S. military, Fox News reports, citing an unnamed U.S. official
Photo: Aerial Viewer / Shutterstock
The U.S. military struck targets near the Iranian island of Khark and the port city of Jask, Fox News reported, citing an unnamed U.S. official. The island in question is a key hub for Iran’s oil exports, Bloomberg explains. It is located about 24 km from the mainland and serves as the loading point for approximately 90% of Iran’s oil exports.
According to a Fox News source, the strikes “became part of a broader effort” by U.S. President Donald Trump’s administration to exert economic pressure on Tehran. The targets of the attack were Iranian tankers carrying crude oil, the source explained to the network. The island of Khark is home to Iran’s largest oil terminal.
Reuters had previously reported, citing the Iranian news agencies Mehr and Fars, that explosions were heard in the Khark and Jaska areas. The agency noted that U.S. attacks on Iran appeared to have resumed after a two-day pause.
What's Happening in the Markets
Against the backdrop of these reports, oil prices approached their intraday highs: November Brent contracts jumped more than 2% to $99.16, while U.S. WTI futures rose nearly 3% to trade at $93.96. The escalation of the conflict in the Middle East also put pressure on U.S. stocks, according to Reuters: all three major U.S. stock indices closed lower on September 9. The S&P 500 lost 0.58%, the Nasdaq Composite fell 0.32%, and the Dow Jones dropped 1.18%.
This article is being updated
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