Gulf Ships Under Attack, Oil Prices Spike

0:00On this March 12, here's what's shaping the world. Six ships came under attack in the Gulf in less than 48 hours, raising the total hit since the war started to 18. Reports from UK maritime trade operations and others confirmed the strikes as Iran's new Supreme Leader vowed to keep blocking the strait of Hormuz. Two tankers caught fire after unknown projectiles hit them in Iraqi waters. A US-owned ship bound for India exploded when rammed by an explosive speedboat. Rescuers saved 38 crew from that vessel, though one person died, and three others remained missing from a Thai flag ship. Shipping traffic has dropped sharply, with only six vessels passing the strait since Monday. Many turn-off trackers or send false signals amid jamming. Attacks stretch across the Gulf, but cluster near the key route for oil and other goods, like fertilizers. Oil prices spiked near $120 a barrel, prompting 32 countries to release 400 million barrels from reserves.

1:00Iran warns prices could hit $200 due to instability. The US pledged escorts for tankers have needed, and struck Iranian mine-ling ships, but experts doubt it can fully protect traffic against Iran's. Hidden tactics like drones and small boats. The strait stays a high-risk zone. D&N is sponsored by our partner. Check out the episode description. Podcast hit different when the sound comes from your pillow. Once you try it, it just makes sense. S-O-L-I-SOLY-PILLOW.COM