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Crude jumps past $115 as Mideast tensions escalate; US strikes Iran boats, UAE oil hub hit

Shipping giant Maersk confirmed that one of its US-flagged vessels exited the Gulf safely under American military protection, with all crew members unharmed.

Dhanam News Desk

Tensions in West Asia escalated sharply as the US and Iran exchanged fresh hostilities in and around the Strait of Hormuz, raising concerns over global energy supplies, shipping safety and regional stability.

US strikes Iranian boats, says Trump

US President Donald Trump said American forces had struck seven Iranian “fast boats” in the strategic waterway, as Washington launched a naval effort to guide stranded ships out of the Gulf under “Project Freedom”.

  • US military helicopters were used in the strikes

  • The operation aims to escort commercial vessels through the blocked route

  • Washington warned of force if the mission is obstructed

Shipping giant Maersk confirmed that one of its US-flagged vessels exited the Gulf safely under American military protection, with all crew members unharmed.

Iran counters US claims

Iran rejected the US version of events, with state media reporting that:

  • Two civilian cargo vessels—not military boats—were hit

  • Five civilians were killed in the strikes

  • Claims of Iranian firing on US warships were “false”

Iranian Foreign Minister Abbas Araghchi said the developments show there is “no military solution” to the crisis, dismissing the US operation as ineffective.

UAE oil infrastructure hit

The conflict spilled over into the UAE, with a reported attack on the key oil hub at Fujairah.

  • A fire broke out at the port following the strike

  • Air defences intercepted missiles and drones

  • At least three people were injured

The UAE described the incident as a “dangerous escalation” and signalled its right to respond.

Hormuz remains choke point

The Strait of Hormuz remains largely blocked, disrupting global trade flows.

  • Around 20 percent of global oil and LNG passes through the route

  • Thousands of seafarers and vessels remain stranded

  • Blockade has persisted since US-Israel strikes on Iran in February

Oil price surges

International leaders called for restraint and de-escalation, with Europe and Gulf nations urging Iran to reopen the passage.

  • Saudi Arabia called for “good neighbourliness”

  • Qatar demanded unconditional reopening of the strait

  • European leaders condemned attacks on civilian infrastructure

Oil markets reacted sharply:

  • Brent crude surged past $115 a barrel

  • Prices rose more than 5 percent during the day

With tensions still high and navigation through the Gulf uncertain, the risk of further disruption to energy supplies and global trade remains significant.

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