US Hits Iranian Tankers, Oil Spill Threatens Gulf As Hormuz Ceasefire Frays

The US attacked Iranian oil tankers in the Strait of Hormuz, exacerbating concerns about the fragile ceasefire. This has led to disruptions in oil supplies and rising oil prices, causing instability in global markets. Iran has been cutting off imports and exports of oil, gas, fertilizers, and petroleum products in response to the US-Israel conflict, while the US has implemented a port blockade.