Iran-US war latest: World facing ‘worst oil supply crisis in history’ as Iraqi tankers attacked
Fuel tankers erupt in flames after Iranian boat attacks in GulfThe International Energy Agency warned on Thursday that the world is facing the worst oil supply disruption in history.
Oil prices have surged past $100 a barrel again after more fuel tankers were struck by explosive-laden boats in a suspected Iranian attack this morning.
Two tankers were ablaze in Iraqi waters on Thursday after what appeared to be Iranian strikes, as Iran warned the world should be ready for oil to hit $200 a barrel.
An Iraqi official told state media that its oil ports “have completely stopped operations.” Other countries have moved vessels out of the area as a precaution.
Three crew members are still believed to be trapped on a Thai-flagged bulk carrier hit in the Strait of Hormuz on Wednesday.
As oil markets felt the impact of the war on global trade, Donald Trump insisted that the US had won the war but didn’t want to have to go back every two years.
“We don’t want to leave early do we?” he said on W..
