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Iran-US War Escalates As Oil Prices Near $100

by Present Nigeria
September 9, 2026
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U.S. imposes sanctions on individuals, companies laundering money for Iran
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Iran launched fresh attacks against United States targets in the Middle East on Wednesday in retaliation for American strikes on Iranian oil tankers, escalating a six-month conflict between the two nations.

The country’s powerful Revolutionary Guards said they attacked 20 US vessels attempting to pass through the Strait of Hormuz, a critical waterway for global oil and gas shipments that Iran has largely controlled since the war began.

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The Guards also said they carried out a “punitive operation” against the US air base of Al-Azraq in Jordan with missiles. State media, IRNA, reported that maintenance facilities, deployment locations and fighter jet shelters were damaged.

The strikes came a day after the US military said it destroyed five Iranian oil tankers. Washington said it acted after Iran targeted an American warship in the second such attack in less than a week.

Jordan’s army said it intercepted 18 missiles fired at the kingdom during the attack.

Iran also warned that it would target oil tankers off US-allied Kuwait and Bahrain, urging crews to abandon their vessels.

Oil prices surged on the development. Brent crude, the international benchmark, climbed to $99.46 per barrel in Asian trade, while US West Texas Intermediate rose to $94.45 per barrel.

The US and Iran remain locked in a stalemate, with Tehran maintaining control over Hormuz and Washington pushing to choke Iran’s ports and economy.

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PRESENT, a credible online newspaper from the cell of Red Carpet Communications Limited, is published by an experienced and profoundly resourceful journalist, Yemi Olowolabi.
It leads in lucid presentation of trending stories and breaking news in Politics, Business, Economy, Entertainment, Sports, Lifestyles and Other Features.
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