{"id":323765,"date":"2026-03-05T21:07:13","date_gmt":"2026-03-05T21:07:13","guid":{"rendered":"https:\/\/www.newsbeep.com\/il\/323765\/"},"modified":"2026-03-05T21:07:13","modified_gmt":"2026-03-05T21:07:13","slug":"u-s-crude-oil-jumps-after-iran-says-it-attacked-a-tanker","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/il\/323765\/","title":{"rendered":"U.S. crude oil jumps after Iran says it attacked a tanker"},"content":{"rendered":"

\"White<\/p>\n

U.S. crude oil prices on Thursday topped $80 per barrel as the escalating Iran war disrupts global fuel supplies, with traffic in the Strait of Hormuz at a standstill due to attacks on tankers. <\/p>\n

The price of West Texas Intermediate<\/a> oil surged 8.51%, or $6.35, to close at $81.01 per barrel. Global benchmark Brent<\/a> rose 4.93%, or $4.01, to settle at $85.41 per barrel. U.S. oil prices have surged about 21% this week. <\/p>\n

Retail gasoline prices in the U.S. have jumped nearly 27 cents since last week to $3.25 per gallon on average, according to the motorist group AAA<\/a>. The last time gas prices made a similar jump was in March 2022 after Russia invaded Ukraine, the group said. <\/p>\n

Iran claimed to have struck an oil tanker with a missile, according to a state media report<\/a>. Iran’s Revolutionary Guard ordered a closure of the Strait of Hormuz earlier this week and threatened to attack tankers passing through it, according to state media<\/a>. <\/p>\n

The British Navy<\/a> on Thursday reported a large explosion at a tanker at anchor in Iraqi territorial waters. The ship’s master reported seeing a small vessel flee the scene. The crew is safe and no fires were reported. <\/p>\n

Tanker traffic through the Strait of Hormuz has come to a standstill since the U.S.-Israeli war against Iran began, as ship owners are worried about the volatile security situation. About 20% of global oil consumption is exported through the strait. <\/p>\n

President Donald Trump<\/a> said Tuesday the U.S. will provide political risk insurance for tankers passing through the strait. Trump said the U.S. Navy would escort ships through the Persian Gulf if necessary. <\/p>\n

The Trump administration does not have a timeline for when the strait will be safe for commercial shipping again, White House press secretary Karoline Leavitt told reporters Wednesday. <\/p>\n

“I don’t want to commit to a timeline, but certainly it’s something that is being calculated actively by both the Department of War and the Department of Energy,” Leavitt said when asked during a briefing.<\/p>\n","protected":false},"excerpt":{"rendered":"U.S. crude oil prices on Thursday topped $80 per barrel as the escalating Iran war disrupts global fuel…\n","protected":false},"author":2,"featured_media":323766,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[157457,30271,941,114,357,35951,30935,6420,54,184,151645,31011,2973,30927,30937,85,150425,942,87,46,64251,30932,190,30939,39310,16755,30929,151323,128767,18782,1032,151247,150424,30928,30938],"class_list":{"0":"post-323765","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-lco26q","9":"tag-bp-plc","10":"tag-breaking-news-markets","11":"tag-business","12":"tag-business-news","13":"tag-chevron-corp","14":"tag-conocophillips","15":"tag-donald-j-trump","16":"tag-donald-trump","17":"tag-economy","18":"tag-eog-resources-inc","19":"tag-exxon-mobil-corp","20":"tag-foreign-policy","21":"tag-halliburton-co","22":"tag-ice-brent-crude-oct25","23":"tag-il","24":"tag-invesco-db-oil-fund","25":"tag-investment-strategy","26":"tag-iran","27":"tag-israel","28":"tag-lp","29":"tag-marathon-petroleum-corp","30":"tag-markets","31":"tag-natural-gas-sep25","32":"tag-occidental-petroleum-equity-warrants-exp-3rd-august-2027","33":"tag-oil-and-gas","34":"tag-phillips-66","35":"tag-proshares-ultra-bloomberg-crude-oil","36":"tag-rbob-gas-sep25","37":"tag-shell-plc","38":"tag-united-states","39":"tag-united-states-brent-oil-fund","40":"tag-united-states-oil-fund","41":"tag-valero-energy-corp","42":"tag-wti-crude-sep25"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/323765","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=323765"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/323765\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/323766"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=323765"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=323765"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=323765"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}