{"id":126645,"date":"2026-05-04T16:20:40","date_gmt":"2026-05-04T12:20:40","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=126645"},"modified":"2026-05-04T16:30:39","modified_gmt":"2026-05-04T12:30:39","slug":"oil-spikes-as-conflicting-reports-emerge-over-alleged-iranian-strike-on-us-warship","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/oil-spikes-as-conflicting-reports-emerge-over-alleged-iranian-strike-on-us-warship\/05\/04\/market-updates\/","title":{"rendered":"Oil spikes as conflicting reports emerge over alleged Iranian strike on US warship"},"content":{"rendered":"\n<h1 class=\"wp-block-heading\"><\/h1>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Key Takeaways<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Crude oil prices surged more than 4% during the European session, with WTI near $103.50 and Brent around $112, following reports of an escalation in the Strait of Hormuz.<\/li>\n\n\n\n<li>Iran\u2019s Fars News Agency said a US warship was hit by two missiles after ignoring warnings, while state TV reported the vessel turned back and was prevented from entering the strait.<\/li>\n\n\n\n<li>US officials denied the claims, with US Central Command stating no American ships were hit, while an Iranian official said it was unclear whether any damage occurred.<\/li>\n\n\n\n<li>The conflicting narratives heightened uncertainty around the Strait of Hormuz, a critical chokepoint for global oil flows, supporting prices amid concerns over potential supply disruption.<\/li>\n<\/ul>\n\n\n\n<p>Crude oil prices surged on Monday, gaining more than 4% during the European session, after reports suggested an escalation in tensions in the Strait of Hormuz.<\/p>\n\n\n\n<p>Iran\u2019s Fars News Agency reported that a US warship attempting to pass through the strait was hit by two missiles after ignoring Iranian warnings. Iranian state TV added that the vessel turned back and was prevented from entering the waterway.<\/p>\n\n\n\n<p>Following the headlines, West Texas Intermediate (WTI) rose to around $103.50, up roughly 4% on the day, while Brent crude climbed about 4.1% to near $112 per barrel.<\/p>\n\n\n\n<p>However, US officials denied the reports. According to Axios, a senior US official said no American ship had been hit, a stance later echoed by US Central Command. Meanwhile, a senior Iranian official told Reuters it remained unclear whether any damage had occurred.<\/p>\n\n\n\n<p>Separately, Iranian state media reported that the navy had issued a \u201cswift and decisive warning\u201d to deter US warships from entering the Strait of Hormuz, underscoring rising tensions around the critical oil transit route.<\/p>\n\n\n\n<p>The conflicting narratives have added to uncertainty in global energy markets, with traders reacting to the risk of further disruption in a waterway that handles roughly a fifth of global oil supply.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Crude oil prices surged more than 4% during the European session, with WTI near $103.50 and Brent around $112, following reports of an escalation in the Strait of Hormuz. Iran\u2019s Fars News Agency said a US warship was hit by two missiles after ignoring warnings, while state TV reported the vessel turned back &hellip;<\/p>\n","protected":false},"author":9,"featured_media":60920,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[38,6827,49,36],"tags":[],"class_list":["post-126645","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-daily-economic-reports","category-economic-reports","category-market-updates"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/126645","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=126645"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/126645\/revisions"}],"predecessor-version":[{"id":126646,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/126645\/revisions\/126646"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/60920"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=126645"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=126645"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=126645"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}