The US is facing the largest oil crisis in modern history as Iran continues launching explosive suicide boats at fuel tankers in the Middle East, despite Donald Trump claiming the war has already been ‘won.’

Explosive Iranian boats appear to have struck two fuel tankers in the Strait of Hormuz, setting them ablaze and killing one crew member on Wednesday. Four other vessels in the Gulf waters were also reportedly hit by projectiles.  

The latest attacks on ships linked to the U.S. and Europe mark an escalation in the conflict between Iran and US and Israeli forces, raising the number of ships struck in the region since fighting began ‌to at least 16.

Shipping in the Gulf and along the narrow Strait of Hormuz, opens new tab, which carries around a fifth of the world’s oil, has come to a near-standstill since the U.S. and Israel began strikes on Iran on February 28, sending global oil prices surging to highs not seen since 2022.

Iran’s Revolutionary Guards have said that if attacks on Iran continued, they would not allow ‘one litre of oil’ to be shipped from the Middle East to the U.S., Israel or their partners.

 This is a developing story…