Iran attacks in Hormuz lift oil prices 3% as shipping stalls
Iran’s strike on a Qatari LNG tanker and a second hit on an unknown vessel in the Strait of Hormuz pushed Brent crude 3% higher to $74.16 and WTI up 2.8% to $70.44. The disruption underscores the fragility of the U.S.–Iran cease‑fire and threatens a key 20% share of global oil flow.