Oil prices jumped to their highest level since 2022 after Axios reported that US Central Command has prepared a plan for a wave of short and powerful strikes on Iran. The report says the plan is ready to be briefed to President Trump, though no decision to act has been made. The jump reflects how quickly energy markets reprice when a direct military threat to a major oil-producing region becomes credible enough to plan around. Iran is one of the world's largest oil producers and sits along the Strait of Hormuz, the narrow waterway through which roughly a fifth of global oil supply moves. Any disruption there would immediately tighten global supply. The market move is a signal that traders are pricing in a non-trivial chance of escalation. What to watch: whether Trump receives and acts on the briefing, any Iranian response, and whether the price spike holds or reverses as details emerge.
Iranian armed forces attacked a cargo ship in the Strait of Hormuz on Thursday, briefly halting traffic through the waterway. The strike threatens a fragile US-Iran arrangement and could push shipping insurance costs and oil prices higher.
The US has struck Iran, with President Trump citing an Iranian attack on a ship in the Strait of Hormuz as justification. The action raises immediate risks for global oil flows through one of the world's most critical shipping chokepoints.
The US struck ten Iranian targets on the second consecutive day of military action, putting a fragile ceasefire under serious pressure. The escalation raises immediate risks for Gulf shipping, global oil supply, and regional stability.
Venezuela's twin earthquakes, magnitudes 7.2 and 7.5, have killed at least 164 people and injured 971, interim president Delcy Rodriguez confirmed Thursday. The quakes are the country's strongest since 1900, collapsing buildings across Caracas and prompting a state of emergency, with the death toll expected to rise as
