Iranian drone attack near Oman sends oil prices to $114
NewsBytes | May 5, 2026 2:39 AM CST
US to provide maritime security support
The US said it would provide military support, including guided-missile destroyers, aircraft and drones, to help keep shipping safe and get oil moving again, but shipowners are holding back until they see clear safety plans.
Iran warned against US involvement, adding to the standoff.
With no quick fix in sight, oil prices are staying up, and that means more worries about energy shortages and economic fallout globally.
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