US-Iran strikes in Hormuz disrupt shipping; Iran plans restricted zone

Oil extends gains after US and Iran strike ships - Reuters

Oil extends gains after US and Iran strike ships  Reuters

Iran warns of 'faster, heavier, more painful response' to US attacks

The comments came a day after Washington said it had struck Iranian oil tankers in response to Tehran's attacks on US warships in the region.

Oil Prices Rise Slightly After U.S. and Iran Trade Strikes

Brent crude, the global benchmark for oil, was up about 1 percent as trading resumed on Sunday, while the national average price of gas was nearly $4.15 a gallon.

By Stacy Cowley

Latest Oil Market News and Analysis for September 7

Oil climbed after the US attacked Iranian tankers and Tehran declared a new restricted zone outside of the Strait of Hormuz, raising concerns about prolonged disruptions to energy flows through the waterway.

By Bingyan Wang

Iran war live: Tehran to announce new Hormuz shipping route in coming days

Move comes as Iran's top negotiator warns of heavier responses to new attacks after US strikes on Iranian oil tankers.

Iran will declare a ‘prohibited zone’ near Hormuz in coming days: security chief

Iran’s top security chief Mohsen Rezaei on Sunday said his country would establish a “prohibited zone” near the strategic Strait of Hormuz, state media reported. “In the coming days, a prohibited zone will be announced outside the Strait of Hormuz. This zone will start from the US Navy’s blockade line and include areas of the Persian Gulf. Any ship entering this new zone will be placed on the sanctions list” of Iran, Rezaei told state television. Also on Sunday, Iranian authorities said they...

By Agence France-Presse

Iran plans to announce an ‘exclusion zone’ that runs from the U.S. naval blockade line, through the Strait of Hormuz, and into the Persian Gulf

The comments came a day after the U.S. struck three Iranian oil tankers in response to Tehran launching ballistic missiles at Navy warships.

By The Associated Press

Global Market Today: Asian stocks open higher, oil rises after attacks

Asian stock markets saw gains thanks to a rise in US technology stocks on Friday. Oil prices also increased following tanker attacks between Iran and the US in the Strait of Hormuz. Investors are now keenly awaiting US inflation data that will influence Federal Reserve interest rate policies. Meanwhile, the yen showed volatility amid speculation regarding possible rate hikes by the Bank of Japan.

Why are the US and Iran attacking oil tankers? Could the Strait of Hormuz crisis push oil above $100?

US-Iran tanker attacks are raising fears of oil supply disruptions as Brent crude nears $100. Could the Strait of Hormuz crisis push oil above $100?

Hormuz traffic dips to lowest since May after US, Iranian strikes on ships

The risk for shipping in the Strait of Hormuz is now considered extreme, with multiple incidents of projectile strikes reported since July

By Reuters

Iran says will declare 'prohibited zone' near Hormuz Strait in coming days

Iran says will declare 'prohibited zone' near Hormuz Strait in coming days

Iran to announce 'restricted zone' outside Hormuz Strait: top security official - China Daily

Iran to announce 'restricted zone' outside Hormuz Strait: top security official  China Daily

Hormuz traffic dips to lowest since May after US, Iranian strikes on ships - arabnews.com

Hormuz traffic dips to lowest since May after US, Iranian strikes on ships  arabnews.com

Iran to announce "restricted zone" outside Hormuz Strait: top security official - Global Times

Iran to announce "restricted zone" outside Hormuz Strait: top security official  Global Times

US forces redirect 92 vessels and maritime blockade against Iran - thestar.com.my

US forces redirect 92 vessels and maritime blockade against Iran  thestar.com.my

Dennis Ross: Iran’s resilience during US war continues to ‘surprise’

TEHRAN — The clearest path to a deal to end the US war on Iran may lie in the dispute over shipping fees through the Strait of Hormuz, according to former US negotiator Dennis Ross, as Washington confronts the reality that months of military and economic pressure have failed to force Tehran into submission.

Iran threatens South Korean assets if Seoul joins Hormuz mission

Iran has warned South Korea that its economic and military interests across the Persian Gulf could become targets of retaliation if Seoul joins a US-led mission to secure navigation through the Strait of Hormuz.