Brent crude oil prices surged above $110, the highest level since May 19, and U.S. oil rose to $103 following the reports. This is the first U.S. military attack on Iranian soil since September 1 and follows attempts by the IRGC Navy to target a U.S. Arleigh Burke-class destroyer and launch missiles toward the Strait of Hormuz and Gulf of Oman. Iran is likely to retaliate.
Tuesday, October 20, 2026
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Brent Crude Tops $110 on First US Strike in Iran in 7 Weeks
War1 day ago
U.S. forces targeted a 35mm anti-aircraft cannon at the Konarak Naval Base on Iran's southeastern coast early Monday, wounding two Iranian Navy personnel. The operation used two light projectiles, likely launched from an MQ-9 UAV, to strike a single gun rather than a warship, according to a Navy spokesman cited by Al Jazeera. CENTCOM has not yet confirmed responsibility for the strike.
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