Urgent.News

What's breaking now, across thousands of outlets.

Finance & Markets

US Hit Targets Near Iran’s Kharg Island, Fox News Says

The US military has struck targets near the strategically crucial export hub of Kharg Island and the port city of Jask, Fox News reported Tuesday, the latest military escalation in a war now in its seventh month.

US Hit Targets Near Iran’s Kharg Island, Fox News Says

The United States military reportedly struck targets near Iran's Kharg Island and the port city of Jask on Tuesday, according to Fox News. The strikes targeted Iranian oil tankers, according to unnamed senior US officials, and are part of efforts to compel Tehran to capitulate. Brent crude prices climbed to around $98 following reports of explosions near Kharg Island, which is a key oil export hub for Iran.

The island, located about 15 miles off the Iranian coast, processes around 90% of the country's crude shipments. Iran's state TV reported a US missile strike on an Iranian tanker off the coast of Kharg. Iran's Strait of Hormuz, which the country largely closed off to traffic after a US-Indian war began in late February, handles a fifth of global oil supplies.

Iran is in talks with Oman to open up the waterway to traffic, but the US and its allies oppose any charge on vessels passing through.

Written by urgent.news from Live Mint's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

Read the original at livemint.com →

More in Finance & Markets

More from Wednesday 9 September →