News

Middle East Crisis Escalates as Tankers Hit Mines Near Hormuz and Oil Prices Rebound

Fresh maritime disruptions and regional strikes pushed energy markets higher Friday, as Iran reported new mine explosions targeting commercial shipping near the strategic Strait of Hormuz. International crude benchmarks regained lost ground while military operations and high-level diplomacy accelerated across the region. Iran’s Islamic Revolutionary Guard Corps announced through state media Friday that two more vessels were damaged in the waterway. “Two violating oil tankers — one east of the Strait of Hormuz and the other within the Strait itself — that attempted to transit via an unauthorized route struck mines,” the military force said in a statement broadcast on Iranian state TV and published by the Tasnim news agency. The announcement follows Tehran’s claim a day earlier that five other tankers encountered similar fates. Global energy markets reacted immediately to the friction. Brent crude oil, the international pricing benchmark, rose 2.2% to trade at $96.70 per barrel on Friday. The increase recouped a portion of the previous session’s sharp decline, when prices dropped nearly 9%.

Energy Security and Moscow Diplomacy

Amid the maritime instability, Tehran turned to Moscow to deepen energy and security collaboration. Russian President Vladimir Putin met in Moscow Thursday with Mohsen Rezaei, secretary of Iran’s Supreme National Security Council, who delivered a direct message from Iran’s supreme leader. Following the talks, Rezaei described the sit-down as “an extremely important exchange.” Iranian state media quoted Rezaei confirming that active energy infrastructure projects were on the table. “During the meeting with Mr. Vladimir Putin, discussions were held about the construction of gas pipelines from Russia to Iran,” he said. Despite the bilateral talks, Russia signaled growing caution over regional instability. The Russian Foreign Ministry explicitly warned its citizens against traveling to Iran. Foreign ministry spokeswoman Maria Zakharova cited the “continued risk of a new escalation around Iran” when advising Russians to hold off on travel until the regional situation resolves.

Regional Strikes and Coalition Responses

In the air, cross-border attacks continued to test Gulf defense systems. Saudi Arabia’s air defense forces intercepted and destroyed two ballistic missiles fired by Yemen’s Houthi rebels toward Najran, a major city in southwestern Saudi Arabia, the Saudi-led coalition stated Friday on social media. Concurrently, Houthi military spokesperson Yahya Saree claimed responsibility for targeting Saudi aviation infrastructure further east. Saree posted on X that the group targeted King Fahd International Airport in Dammam using a drone, asserting that the strike disrupted air navigation at the facility. Diplomatic outreach continued alongside the military exchanges. Iranian Foreign Minister Abbas Araghchi conducted intensive telephone discussions Friday with key regional leaders, holding calls with officials across nine Middle Eastern nations, including Saudi Arabia, the United Arab Emirates, Turkey, and Pakistan. Meanwhile, critical U.S. Naval reinforcements remain weeks away from arriving in the regional theater. A U.S. Official confirmed Thursday that the aircraft carrier USS Theodore Roosevelt and its strike group will make a port call in Singapore on Friday, delaying its arrival in the Middle East by at least two weeks.