US Israel Iran War Latest News:Â Global oil prices climbed sharply on Monday after the conflict between the United States and Iran intensified over the weekend, raising fresh concerns about disruptions to energy supplies through the Strait of Hormuz, one of the world’s busiest oil shipping routes. The escalating tensions also drove investors toward safe-haven assets, boosting the US dollar in early Asian trading.Â
US Israel Iran War Latest News: Brent Crude Climbs Above $90
Brent crude rose more than 3% to around $90.79 per barrel, its highest level since mid-June, while US West Texas Intermediate (WTI) crude gained to about $84.68 per barrel. The rally came after Iran said its ceasefire with the United States had effectively collapsed, increasing fears of prolonged disruptions to oil shipments through the Strait of Hormuz.
US Israel Iran War Latest News: US Dollar Strengthens on Safe-Haven Demand
Growing geopolitical uncertainty strengthened the US dollar as investors shifted toward safer assets. The dollar gained 0.1% against the Japanese yen to 162.48, its strongest level since July 9. The euro slipped 0.1% to $1.1426, while the British pound held steady at $1.3445. The Australian dollar eased 0.1% to $0.6975, and the New Zealand dollar fell 0.2% to $0.5833.
US Israel Iran War Latest News: Iran Reports Incidents in the Strait of Hormuz
The Iranian Navy said on Sunday that it stopped four unidentified vessels attempting to pass through what it described as an “unsafe route” in the Strait of Hormuz after they ignored repeated warnings. According to the navy, two vessels “met with accidents and were stopped in their tracks,” while the remaining two “abandoned the route and turned back.” Iranian authorities did not identify the vessels or provide additional details.
US Israel Iran War Latest News: Kuwait Oil Facility Damaged in Iranian Strike
The conflict has increasingly targeted critical infrastructure rather than only military sites. Kuwait Petroleum Corporation said an Iranian strike damaged one of its oil facilities on Saturday, raising concerns over the security of oil production and exports in the Gulf region. Bahrain was also targeted during the latest round of attacks.
US Israel Iran War Latest News: Analysts Warn Oil Prices Could Rise Further
Market analysts believe crude prices could climb even higher if attacks begin directly targeting more oil infrastructure or major shipping routes. Saul Kavonic, senior energy analyst at MST Marquee, said, “all point to scope for the conflict to broaden in scope and length.”
He added, “Direct targeting of oil infrastructure in the region, or any successful attempts by the Houthis to hinder the Red Sea route, would be needed to accelerate the price increases.”
US Israel Iran War Latest News: Houthi Threats Raise Fresh Shipping Concerns
Iran-backed Houthi militants in Yemen have disrupted commercial shipping through the Red Sea during previous periods of heightened regional tensions. Last week, the group’s leader threatened to attack Saudi Arabian oil facilities after launching ballistic missiles and drones toward the kingdom, adding to concerns over the safety of key global energy routes.
US Israel Iran War Latest News: Israel Intercepts Iranian Drone as US Continues Military Operations
Israel said it intercepted an Iranian drone near the Israel-Syria border on Sunday. Meanwhile, Iranian media reported that US forces carried out strikes on Qeshm Island in the Persian Gulf, along with the southern Iranian cities of Shadegan, Sirik and Hajiabad, as military operations continued across the region.
US Israel Iran War Latest News: Shipping Through Strait of Hormuz Remains Under Pressure
Shipping activity through the Strait of Hormuz remains under pressure as the United States continues military operations in the region and Iran intensifies actions against vessels near the strategic waterway. Reuters reported that vessel traffic through the strait dropped significantly over the weekend, highlighting growing risks to global energy supplies. US Energy Secretary Chris Wright said fewer ships are transiting the route, although larger oil tankers are continuing to pass through.
