US-Israel-Iran War Latest Live News: US Military Redirects 103 Commercial Ships in Iran Blockade as Saudi Disruptions Push Oil Prices Higher Above $130 a Barrel

US-Iran war tensions disrupt shipping and oil markets as 103 vessels are redirected and some European oil cargoes rise above $130 a barrel.

By: Amreen Ahmad
Last Updated: September 16, 2026 03:02:39 IST

US-Israel-Iran War Latest Live News: The recent events related to the conflict between the US, Israel and Iran are having more of an impact outside the battlefield environment, with shipping and oil industry among those suffering from the consequences. In particular, according to the data provided by the US Armed Forces, a total of 103 cargo ships were rerouted due to the Iran maritime blockade imposed by the US meanwhile, some oil cargoes in Europe have reached prices higher than $130 per barrel.

US-Israel-Iran War Latest Live News: US Military Says 103 Commercial Ships Redirected

According to US Central Command, the number of ships that have been rerouted in their campaign to blockade the maritime commerce of Iran in the Strait of Hormuz is now at 103 ships. This is a rise of four ships from the last count of CENTCOM on Friday and the strait is a very important passage through which energy products pass through, hence any disruption will cause problems to oil traders and buyers.

US-Israel-Iran War Latest Live News: Saudi Disruptions Push Some Oil Cargoes Above $130

The pressures in the oil market have been increased as a result of disruption in Saudi exports while reuters reported that some physical oil loads in Europe had cost more than $130 per barrel on Tuesday. 

Saudi Arabia had stopped its late September delivery of oil to Europe after an attack on its East-West Pipeline caused cancellation of its shipment from the Red Sea port of Yanbu. The North Sea crude seems to be the new alternative and the LSEG data mentioned in the supplied report indicated that North Sea Forties was at $136.75 per barrel.

US-Israel-Iran War Latest Live News: Gaza Strike Kills Two, Including Child

Another aspect that makes the situation even more terrible is that the humanitarian price of this struggle is also high. According to some sources that reveals Israeli air strikes killed two people, one of whom was an eight-year-old girl, living in makeshift tents in the Al-Mawasi region of Gaza and the strikes also left at least 14 people injured.

US-Israel-Iran War Latest Live News: Impeachment Articles Filed Against Hegseth

Thomas Massie, US Representative, has initiated eight articles of impeachment against Defense Secretary Pete Hegseth. The issues raised by Massie involve the government’s management of the disputes with Iran and Yemen, as well as attacks on the drug boats in the Caribbean. It seems that according to the provided information, the resolution is going to meet many political challenges at the Republican-controlled House. Massie will be leaving Congress as he lost the Kentucky primary in May.

US-Israel-Iran War Latest Live News: CBO Warns of Inflation and Rising War Costs

According to the Congressional Budget Office, the US campaign against Iran is said to have already incurred the United States an estimated $38 billion in expenses and monthly expenses could rise up to an additional $3 billion for the coming months. The CBO also predicts that the war may cause US inflation to increase 0.5% over the first three months of 2027. 

The majority of the expenses reported are due to the quick consumption of ammunition, which would take up to five years to replenish depleted stocks while on the other hand, Saudi Civil Defense has engaged early warning systems in Jazan, Abha and Khamis Mushait.

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Disclaimer: This article reflects claims and figures from the supplied reports; developing war, casualty, shipping and market information may change.

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