Oil is approaching $100 after the US and Iran traded strikes on each other's tankers over the weekend. The US sank one Iranian tanker and disabled two others, including one near Iran's main export terminal.
CENTCOM said:
If you shoot at two of our ships, we will impose an even higher economic cost — taking out three of yours.
Iran hit three tankers in the Strait and three more US-linked vessels elsewhere.
Only two ships transited Hormuz on Saturday — pre-war traffic was dozens daily.
Iran says it will announce a new restricted zone beyond the strait.
Brent hit $97.48, up nearly 8% in a week.
Goldman Sachs scenarios point to $120 if attacks broaden
