July 21, 2026

US military says it is ‘holding Iran accountable’ as maritime agency reports a vessel on fire in strait

The price of oil jumped in early Asian trade on Monday after the US carried out its latest wave of strikes on Iran and a vessel caught fire in the strait of Hormuz.

Brent crude for September delivery rose 2.72% to $90.50 a barrel by around 0100 GMT, after briefly crossing $91 – its highest price since June.

CENTCOM assets targeted Iranian military command centers, air defense and coastal surveillance sites, maritime capabilities, missile and drone launch sites, and communications networks to further diminish Iran’s ability to attack commercial vessels and civilian mariners transiting the Strait of Hormuz.

The U.S. military is holding Iran accountable at the Commander in Chief’s direction.

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