After weeks of relative calm, the US military on Sunday attacked Iran's rocket launcher preparing to drop mines into the Strait of Hormuz. Affected by this news, oil prices have risen sharply. US Central Command spokesman Tim Hawkins said that Islamic Revolutionary Guard Corps forces are preparing to use rockets to drop mines into the strait. Brent crude futures rose to $90 per barrel in November, while WTI crude was close to $85. The US military said last week that it has completed clearing mines along the strait shipping line. The Strait of Hormuz was once an international waterway through which one-fifth of the world's oil and liquefied natural gas was transported.

After weeks of relative calm, the US military on Sunday attacked Iran's rocket launcher preparing to drop mines into the Strait of Hormuz. Affected by this news, oil prices have risen sharply. US Central Command spokesman Tim Hawkins said that Islamic Revolutionary Guard Corps forces are preparing to use rockets to drop mines into the strait. Brent crude futures rose to $90 per barrel in November, while WTI crude was close to $85. The US military said last week that it has completed clearing mines along the strait shipping line. The Strait of Hormuz was once an international waterway through which one-fifth of the world's oil and liquefied natural gas was transported.