US: Oil prices surge as Iran’s drone sets Kuwait’s crude tanker ablaze

Brent and West Texas Intermediate crude blends surged to $113 and $103 per tube connected Tuesday arsenic an Iranian drone onslaught acceptable Kuwait’s lipid tanker connected fire.

The terms upsurge comes arsenic United States President, Donald Trump warned that the US would destruct Iran’s vigor plants and lipid wells if the state fails to unfastened the Strait of Hormuz.

DAILY POST reports that Kuwait-flagged Al-Salmi disconnected to Dubai is the latest rocket onslaught connected merchant vessels since the Iram-US-Israel war, which escalated connected February 28, 2026.

The affected Kuwaiti lipid elephantine tanker carries 2 cardinal barrels of lipid worthy much than $200 cardinal astatine existent prices.

Kuwait Petroleum Corp, the ship’s owner, said the ​attack happened aboriginal connected Tuesday, causing a occurrence and hull damage, but determination were nary reported injuries, according to Reuters.

The improvement whitethorn worsen domesti...