Tehran urges return to June deal, Trump vows to hit Iran ‘hard’– www.cnbc.com
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EXCERPT:
Oil prices extended gains Tuesday as traders mulled the threat of escalation, following the resumption of U.S.-Iran military strikes and more turmoil in the Strait of Hormuz.
A tanker was struck by three unknown projectiles while transiting Hormuz on Monday, according to an incident report from the the U.K. Maritime Trade Operations Centre.
Brent crude futures, the international benchmark, were up 1.6% to $91.90 a barrel by 8:19 a.m. ET. U.S. West Texas Intermediate futures added 2% to $87.48 per barrel.
The tanker was sailing in the southern shipping lane close to the Omani coast, the UKMTO said, adding that no casualties were reported.
Iran launched an attack on two American bases in Jordan on Monday in retaliation for the U.S. strike on its Larak Island. American forces targeted two Iranian rocket launchers on Larak Island on Sunday, reportedly killing three, saying that Tehran intended to launch rockets carrying sea mines into the Hormuz Strait.
