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War & Conflict2h 5m ago

Oil prices spiked in Asian trade on Thursday as the U.S. carried out strikes in Iran, and Tehran declared the Strait of Hormuz closed again.

Archive Window: 30 Days Left

Middle East, Strait of Hormuz, Gulf of Oman, Iran

Who
United States, Iran, Rystad Energy, Jorge Leon, Exxon, Neil Chapman
What
Oil prices spiked in Asian trade on Thursday as the U.S. carried out strikes in Iran, and Tehran declared the Strait of Hormuz closed again.
When
Thu, 11 Jun 2026 10:30:00 GMT · 2h 5m ago
Where
Middle East, Strait of Hormuz, Gulf of Oman, Iran ·
Why
The latest escalation started with the downing of a U.S. Apache helicopter near the Strait of Hormuz on Tuesday, followed by U.S. strikes in Iran.
The Frontline Impact

How this affects you

Renewed hostilities between the U.S. and Iran could push oil prices to $150 per barrel, deepening supply disruptions in the Middle East due to risks to upstream production and the Strait of Hormuz.

Story chain

33 events in this thread
  1. War & Conflict26m ago
    The U.S. and Iran traded strikes for a second day, pushing the Middle East closer to the resumption of a full-scale war.
    Open article
  2. War & Conflict1h 9m ago
    The U.S. military carried out additional self-defense strikes against multiple targets in Iran on Wednesday, with Iran retaliating by firing at Kuwait, Bahrain, and Jordan.
    Open article
  3. War & Conflict1h 9m ago
    The U.S. military carried out additional self-defense strikes against multiple targets in Iran on Wednesday for the second straight day, further complicating a ceasefire reached in April.
    Open article
  4. War & Conflict1h 24m ago
    Iran and the United States are communicating about specifics of a memorandum of agreement for a temporary deal to cease hostilities.
    Open article
  5. War & Conflict1h 29m ago
    An Iranian military source claimed Iran’s latest missile and drone operation against US military facilities achieved a high success rate, with most designated targets struck despite American air defence systems.
    Open article
  6. Currently Reading2h 5m ago
    Oil prices spiked in Asian trade on Thursday as the U.S. carried out strikes in Iran, and Tehran declared the Strait of Hormuz closed again.
  7. War & Conflict2h 28m ago
    The US and Iran exchanged air attacks amid escalating tensions, as President Trump urged Tehran to agree to a peace deal.
    Open article
  8. War & Conflict3h 32m ago
    The fragile truce between the US and Iran faced a serious threat after the US launched attacks on several Iranian targets following the downing of an AH-64 Apache helicopter.
    Open article
  9. War & Conflict3h 35m ago
    The US and Iran have exchanged strikes across the Middle East for the second day in a row.
    Open article
  10. War & Conflict4h 35m ago
    Prime Minister Mark Carney is set to rejoin world leaders, including U.S. President Donald Trump, at the G7 summit in Évian-les-Bains, France, for their first meeting since the start of the U.S.-Israeli offensive in Iran.
    Open article
  11. War & Conflict4h 35m ago
    The U.S. and Iran have entered a new round of intensive fighting, causing economic fallout that is weighing heavily on U.S. consumers due to rising inflation, as evidenced by a 4.2 percent rise in the Consumer Price Index in May.
    Open article
  12. War & Conflict5h 13m ago
    The United States launched a second round of airstrikes on Iran, and Iran retaliated with strikes targeting Bahrain, Kuwait, and Jordan.
    Open article
  13. War & Conflict6h 7m ago
    Iran’s Revolutionary Guards said they launched retaliatory attacks targeting US military bases in Kuwait, Bahrain and Jordan early Thursday, after the US said it struck multiple targets in Iran.
    Open article
  14. War & Conflict6h 15m ago
    The US and Iran exchanged fresh strikes on Wednesday and Thursday morning, with the US targeting Iranian military sites and Iran closing the Strait of Hormuz and launching drone strikes against US bases in Kuwait and Bahrain.
    Open article
  15. War & Conflict7h 43m ago
    The US military’s Central Command (CENTCOM) announced late Wednesday that it has completed additional self-defense strikes against multiple targets inside Iran.
    Open article
  16. War & Conflict8h 43m ago
    Iran’s semi-official news agency posted photos of a drinking water reservoir that officials said was destroyed in a missile strike, with images of munition fragments that experts told CNN appeared to be from a US-made bomb.
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  17. War & Conflict9h 13m ago
    Secretary of War Pete Hegseth stated that the US will "negotiate with bombs" and continue strikes against Iran until Tehran agrees to President Donald Trump's nuclear terms.
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  18. War & Conflict10h 19m ago
    The United States launched new strikes against multiple targets in Iran overnight on Wednesday, with President Donald Trump threatening more attacks if a peace deal is not secured, while Iran responded with counter-attacks on US military targets in Kuwait and Bahrain.
    Open article
  19. War & Conflict11h 20m ago
    The United States military's Central Command (CENTCOM) carried out "additional self-defence strikes" against multiple targets in Iran.
    Open article
  20. War & Conflict11h 23m ago
    US Defense Secretary Pete Hegseth stated that American forces are ready to target critical Iranian installations at President Donald Trump’s direction, following Iran's missed chance for a diplomatic resolution.
    Open article
  21. War & Conflict11h 24m ago
    The U.S. conducted fresh strikes in Iran as tensions between the two countries escalate.
    Open article
  22. War & Conflict11h 59m ago
    The US military fired missiles at “multiple” targets in Iran after President Donald Trump accused the country of dragging out talks on an interim peace deal.
    Open article
  23. War & Conflict12h 7m ago
    The United States launched fresh military strikes against targets in Iran, with U.S. crude oil futures for July rising 2.94% to $92.68 per barrel.
    Open article
  24. War & Conflict12h 20m ago
    The US military carried out self-defense strikes against multiple targets in Iran on Wednesday, leading to reports of explosions across several parts of the country.
    Open article
  25. War & Conflict12h 26m ago
    The United States initiated a new round of military strikes on Iranian targets, escalating tensions and drawing a stern warning from Tehran.
    Open article
  26. War & Conflict12h 50m ago
    Rep. Claudia Tenney (R-N.Y.) compared the 'war on Iran' to other U.S. wars during an interview on Newsmax, stating it has 'not been very long' and is a 'short-term conflict.'
    Open article
  27. War & Conflict13h 17m ago
    President Donald Trump praised new economic data showing last month’s inflation surged to the highest rate since early 2023.
    Open article
  28. War & Conflict13h 21m ago
    The United States struck multiple targets in Iran overnight, as stated by the U.S. military on Wednesday.
    Open article
  29. War & Conflict13h 51m ago
    Explosions started in Tehran shortly after US President Donald Trump's threat of conflict with Iran.
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  30. War & Conflict13h 51m ago
    The U.S. military said on Wednesday (June 10, 2026) night that it has begun fresh rounds of strikes against Iran after President Donald Trump said more were coming.
    Open article
  31. War & Conflict13h 53m ago
    The United States carried out wave strikes on Iran in the early hours of Thursday, with Iranian state media reporting explosions in Bandar Abbas, Qeshm, and Hengam.
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  32. War & Conflict14h 20m ago
    The US military announced on Wednesday night a new round of strikes against Iran, targeting "multiple targets" in response to what it described as "unwarranted and continued aggression."
    Open article
  33. War & Conflict14h 20m ago
    The US military said Wednesday night that it is striking 'multiple targets' in Iran.
    Open article

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