Iran’s Strait of Hormuz warning jolts oil and shipping — which countries could get hit first
Iran’s Revolutionary Guards claimed “complete control” of the Strait of Hormuz and warned ships could be hit, sending oil and gas prices higher as tanker traffic slowed sharply. Brent crude rose 4.7% to $81.40 a barrel Tuesday. U.S. President Trump said the Navy stands ready to escort tankers. Gulf producers are diverting shipments, with Saudi Aramco telling buyers to load at the Red Sea port of Yanbu.