US-Iran War Hits Home: Oil Deliveries Disrupted, Markets Crash, Exporters Face Sanctions Threat

The heaviest US-Iran exchange in months kills 11 in Iran, two tankers disabled in the Strait of Hormuz, and crude surges past $95 a barrel — sending Indian markets into a tailspin and scrambling the country's oil supply chain.

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US Central Command confirmed targeted strikes on Iranian military targets across Khuzestan province and near the Strait of Hormuz. Iran's IRGC retaliated with missile and drone attacks on American bases in Jordan, UAE, and Kuwait,...