Hopes of a quick capitulation by the Iranian regime are dwindling as drones and missiles continue to rain down across the region

An oil tanker suffered an explosion off the coast of Iraq which damaged a tank that is losing water, signaling wider risks to shipping in the Persian Gulf beyond the Strait of Hormuz.

The Justice Department has filed a complaint to legally take ownership of a sanctioned tanker and nearly 2 million barrels of petroleum seized off the coast of Venezuela in December.

Iran’s Islamic Revolutionary Guard Corps (IRGC) claimed it struck multiple oil tankers linked to the United States and its allies. Iranian reports say missiles and drone boats targeted vessels near the Strait of Hormuz,

Tensions in the Iran-US-Israel conflict have intensified at sea after Iran’s Islamic Revolutionary Guard Corps (IRGC) claimed it struck a US oil tanker with a missile in the northern Persian Gulf on Thursday.

LONDON, March 5 (Reuters) - The Bahamas ⁠flagged ⁠crude oil tanker ⁠Sonangol Namibe's hull was likely to ​have been breached after being hit by a ‌blast while anchored near ‌Iraq's Khor al Zubair port, U.S. ⁠representative company ⁠Sonangol Marine Services said on Thursday.

An explosion hit a Bahamas-flagged oil tanker near Iraq’s Khor al-Zubair port after a small boat approached the vessel. Authorities also foiled a missile launch attempt in Basra province.

Renewed retaliatory strikes from Iran again raised anxiety in U.S. markets Thursday, sending futures lower and energy prices higher with prices at the pump jumping overnight.