Oil extends gains after US and Iran strike ships

and Iran resumed attacks and caused a reduction in oil flows through the Hormuz strait ​where a fifth of the world's oil supply used to transit.and Iran on vessels sailing in the Strait of Hormuz and other areas heightened concerns of a prolonged supply disruption from the Middle East.

The navy of Iran's Islamic Revolutionary Guard Corps said on Saturday it targeted three oil tankers that were travelling through unauthorized routes in ​the Strait of Hormuz as well as three additional U.