US, Iran trade fire in West Asia, oil prices rise
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United States President Donald Trump on Thursday claimed that three US naval destroyers were attacked while crossing the Strait of Hormuz, but said that the ceasefire with Iran remained intact, dismissing the incident as “a trifle”, AFP reported.
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However, oil prices rose on Friday after the exchange of fire between the two countries.
The price of benchmark Brent crude rose 1.7% to $101.8 per barrel after falling for three days. The price of Brent was $78 per barrel on February 27, a day before the conflict started.
The fresh tensions came even as the US blockade of Iranian ports remains in force to monitor maritime traffic linked to Iran amid stalled peace talks between Washington and Tehran to end the conflict in West Asia. Ships travelling to or from non-Iranian ports are allowed to pass through the Strait of Hormuz under the blockade.
On Thursday, the US military said that it carried out strikes on Iranian military targets in response, while Tehran accused Washington of initiating the exchange of fire.
US Central Command claimed on social media that Iranian forces launched “multiple missiles, drones and small boats” at the three US warships, but none were hit. It added that the US forces had “eliminated inbound threats and targeted Iranian military facilities responsible”.
Trump said on...