Brent crude nears $100 a barrel as U.S.-Iran tit-for-tat strikes stoke supply worries

Oil prices rose due to escalating tensions between the US and Iran, which have raised concerns about potential disruptions to Middle East energy supplies. According to the US Central Command, the US military destroyed five Iranian crude oil carriers on September 8, in response to the Islamic Revolutionary Guard Corps (IRGC) targeting a US Navy warship with ballistic missiles twice over the past two days. The US warship successfully evaded the attacks, and no American personnel were harmed, as reported by Gulf News.

The US had previously attacked and destroyed three Iranian oil tankers on September 5, causing catastrophic damage and fires. The incidents have contributed to increased tensions between the two countries, with US Secretary of State expressing concerns about Iran's attempts to target US naval ships.

The rising tensions have impacted oil prices, with Brent crude nearing $100 a barrel, as per CNBC.

Brief written by urgent.news from CNBC, Gulf News — 2 reports on this story. Machine-written — may contain errors; check the original before relying on it.