Iran Threatens U.S. Gulf Energy Assets as Brent Nears $100 on Hormuz Disruption
Updated
Updated · TIME · Sep 8
Iran Threatens U.S. Gulf Energy Assets as Brent Nears $100 on Hormuz Disruption
3 articles · Updated · TIME · Sep 8
Summary
Iran said Monday it would strike U.S. oil and gas interests across the Gulf if Washington launches new attacks, widening its retaliation threat beyond military targets.
Mohsen Rezaei said Tehran could impose a maritime exclusion zone from the blockade line through the Strait of Hormuz, with vessels entering the area placed on an Iranian sanctions list.
The warning followed Saturday IRGC attacks on U.S. warships and U.S. strikes on three Iranian oil tankers, extending a week of renewed exchanges after a brief lull.
Brent crude climbed to $98.51 and only 12 ships crossed Hormuz on Monday versus 138 before the war, underscoring how sharply commercial traffic has fallen.
Diplomacy remains frozen after the June 17 MOU expired on Aug. 17, while the U.K. moved to tighten sanctions and pursue a U.N. Security Council report on Iran.