Oil price spikes after flare-up of fighting and claimed Iranian attacks on three tankers in strait of Hormuz

The US military said it knocked down an Iranian missile barrage and worked with Saudi Arabia forces to strike sites in Iraq that Tehran-backed militias have used to launch attacks in recent days. The strikes on Wednesday killed at least 20 members of a former paramilitary alliance that includes pro-Iran groups.

In what Washington cast ⁠as “an attempted surprise ⁠attack” by Tehran, Iran had launched multiple ballistic missiles at US forces in the Middle East, shattering a brief pause in fighting. Iran’s target was a US base in Jordan, Axios cited a US official as saying.