IRAN SAYS 7 OIL TANKERS ARE ON FIRE OR DAMAGED IN A KEY STRAIT AS FEARS GROW OF A RETURN TO WAR

What happened: Iran's government said seven oil tankers caught fire or were damaged in the Strait of Hormuz overnight, after being hit by Iran or striking naval mines, per Iranian state television citing the Revolutionary Guard Corps navy. Key numbers: Seven tankers affected. The war began with U.S. Why it matters: Attacks on ships have increased since President Trump rejected Iran's seven-day proposal, while mediators try to restart formal talks. The report says a return to all-out war would complicate regional oil, gas and fertilizer deliveries and likely bring another price spike.

Iran's government said seven oil tankers caught fire or were damaged in the Strait of Hormuz overnight, after being hit by Iran or striking naval mines, per Iranian state television citing the Revolutionary Guard Corps navy.

Attacks on ships have increased since President Trump rejected Iran's seven-day proposal, while mediators try to restart formal talks. The report says a return to all-out war would complicate regional oil, gas and fertilizer deliveries and likely bring another price spike.