Gulf of Oman incident

Oil prices surge as Iran accuses US of breaking ceasefire, Strait of Hormuz disrupted

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Oil prices surge as Iran accuses US of breaking ceasefire, Strait of Hormuz disrupted

WTI crude rose 7.5% to $90.17 per barrel on Sunday after Iran accused the United States of breaking a ceasefire that had held since early April. Brent crude, the global benchmark, climbed 6.5% to $96.27 per barrel in the same period, reflecting heightened fears over supply disruptions in the Gulf. The price jump followed the … Read more

Iran vows retaliation after US seizes MV Saviz cargo ship

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Iran condemns U.S. Ship seizure as illegal act

Iran accused the United States of piracy on April 20, 2026, after U.S. Forces seized an Iranian vessel in the Gulf of Oman, prompting Tehran to vow a proportional response. Iran condemns U.S. Ship seizure as illegal act Iran’s Foreign Ministry labeled the U.S. Seizure of the Iranian cargo ship MV Saviz as an act … Read more