US and Iran trade strikes in new cycle of retaliation

The US struck three Iranian oil tankers Saturday. Iran responded by announcing strikes on six more vessels, continuing their back-and-forth attacks.

Why it mattersThe escalating attacks risk a wider conflict in the Strait of Hormuz, one of the world's most critical shipping routes. The region handles roughly a third of global oil trade.

AustraliaNo direct Australian effect yet, but sustained conflict in the Strait of Hormuz could disrupt global oil supplies and push prices higher at Australian fuel pumps.

Corroborated bythenightly.com.au

✓ Claims checked against the source and corrected before publish. checked 4 d ago

Next in today's edition

Thermal infrared aerial photograph of vessel with measurement scale and targeting overlay

✓ ThenightlyPower & Policy

US destroys five Iranian oil tankers in retaliatory strikes

The US military destroyed five Iranian oil tankers on Tuesday. This was in response to Iranian missile attempts on a Navy warship.

Why it mattersOil prices and shipping safety are at risk. This happens as US-Iran military clashes grow more intense in a critical global trade route.