📰 Curated from CBS News
📖 Read full article→Iran War Updates: Oil tops $100 per barrel as Tehran fires missiles in retaliation for U.S. blowing up tankers - CBS News
Business and EconomyBy Duarte Dias, Frank Andrews9/9/20261 min read
The price of crude oil hit a 15-week high after the U.S. said it blew up five more Iranian oil tankers, triggering retaliation from Tehran.
✨ Key Highlights
- Several U.S. fighter jets stationed at a Jordanian military base were damaged in Iranian strikes on Wednesday, according to CBS News sources, part of Tehran's retaliation for American attacks on Iranian oil tankers.
- Yemen's Houthis reportedly seized the key Red Sea port of Mokha on Thursday, a move that could make it easier to target ships in the Bab el-Mandeb Strait, a vital route for Saudi Arabian oil exports.
- President Trump said Wednesday that Iran was seeking to influence the U.S. midterm elections and predicted the conflict would end "immediately after the election, because they can't hold out any longer."
- U.S. diesel prices are approaching an unprecedented $6 a gallon, with the national average reaching $5.98 on Thursday, up 61% from $3.71 a year earlier, according to AAA, raising costs across trucking, rail, construction, and farming.
- Israel announced it had completed the demolition of Hezbollah's underground infrastructure on the strategic Ali al-Taher ridge in southern Lebanon, which Netanyahu and Defense Minister Israel Katz described as a network built over two decades with Iranian funding.
- The destroyed tunnel system reportedly spanned eight underground routes totaling 5,400 meters and contained dozens of explosive drones, marking what Israeli officials called full operational control over the ridge above and below ground.
Salama Saeed and her son fled for their lives when shelling and gunfire from Yemen's Houthi rebels engulfed their village, forcing her to leave other children behind.
They are among the nearly 20,00