Oil Prices Spike After Iran Claims Attack on US Warship

Crude oil prices surged sharply following an unverified claim by Iran that it had struck a U.S. warship in the Strait of Hormuz. The U.S. Central Command immediately denied the report, stating that no Navy ships had been hit. Despite the denial, the disputed claim caused a significant jump in oil markets, reflecting the strategic importance of the Strait of Hormuz as a critical chokepoint for global oil shipments. The incident highlights ongoing tensions in the region and the sensitivity of energy markets to geopolitical events.