AAA: Oil, gas prices increase due to Iran war
Renewed fighting in Iran continues to drive up oil and gas prices.
The United States intensified its strikes against Iran on Thursday, hitting targets farther north and firing into a ship the U.S. accused of trying to break its naval blockade on the Islamic Republic.
Renewed fighting in Iran continues to drive up oil and gas prices.
The U.S. reimposed a naval blockade on Iran and intensified its airstrike campaign Wednesday in retaliation for Tehran’s attacks on ships trying to pass through the Strait of Hormuz.
House Republicans on Wednesday unveiled a $95 billion package focused on boosting defense, aiding farmers and enacting stricter voter registration rules, a sequel to the massive tax and spending cut bill that President Donald Trump signed into law last year.
The U.S. military said Tuesday that it has reimposed its blockade of Iranian ports in response to Iran’s attacks on commercial ships on the Strait of Hormuz, as the interim ceasefire deal unravels and concerns grow about a return to all-out war.
U.S. President Donald Trump said Monday that the United States is “reinstating” a blockade on Iran in the Strait of Hormuz and will charge other ships for safe passage.
The United States launched new airstrikes against Iran early Thursday, and Tehran responded by targeting U.S.-allied Mideast countries in an exchange of fire that threatened an interim deal intended to help end the war in the Middle East.
(AP) — The U.S. carried out another round of strikes on Iran on Wednesday, hours after President Donald Trump said that recent Iranian attacks on ships in the Strait of Hormuz signaled the end of the ceasefire.
Three tankers were struck by projectiles Tuesday in the Strait of Hormuz, the British military said, in the latest attacks targeting vessels moving through the fuel-shipping waterway that is central to negotiations seeking a permanent end to the war between the U.S. and Iran.
Iran’s joint military command warned Thursday that all oil tankers moving through the Strait of Hormuz must use its approved routes or face a “forceful response,” ratcheting up tensions again over a waterway crucial for international energy supplies.