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strikeOct 8, 2026

Iran War Day 223: Oil Prices Spike as Trump Mulls Imminent Attack

Summary

State of the Union: The president said he doesn’t really want a peace deal.

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Iran

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  • Andrew DayBy Andrew Day

    Iran War Day 223: Oil Prices Spike as Trump Mulls Imminent Attack The price of Brent crude oil, a key international benchmark, spiked Thursday to over $105 per barrel following reports that President Donald Trump could soon restart active hostilities against Iran. The Atlantic re…

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strikeUnverifiedUSIran
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Iran's Islamic Revolutionary Guard Corps (IRGC) reported that two supertankers struck naval mines in the Strait of Hormuz on Saturday, with Iranian state media claiming the vessels were carrying approximately two million barrels of crude oil. The IRGC stated that both ships had disabled their radar and positioning systems while transiting unauthorized routes, a claim that remains unverified by independent sources.

These incidents follow a recent container ship sinking and occur amid ongoing regional tensions, including a US naval blockade of Iranian ports and stalled diplomatic talks.

Location: Strait of Hormuz
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Iranian state television broadcast footage depicting an oil tanker explosion, which it attributed to a naval mine strike in the Strait of Hormuz. Independent verification of the incident's cause or the authenticity of the footage has not been confirmed.

Location: Strait of Hormuz