The situation in the Persian Gulf is getting dangerous. Iran is attacking more oil tankers than it has in a very long time. Because of this, companies that move oil are staying away from the area.

The Strait of Hormuz is a narrow path of water that is very important for the world's oil. A huge amount of the oil we use travels through there. Now, it has become a hot spot for attacks. Experts say these attacks are at the highest level they have been since wartime.

Iran is trying to stop or slow down oil exports. The attacks are making it harder and more expensive to ship oil. Because of this, many big tankers are changing their routes to stay safe. They are moving away from their usual hubs to avoid being hit.

Donald Trump has commented on the situation. He said that the upcoming American elections will not change his stance on Iran. He also stated that he believes the conflict will come to an end very soon.

Meanwhile, the Iranian Revolutionary Guard Corps (IRGC) has targeted a third tanker in the area. They have also sent a warning to allies of the United States.

For now, the shipping world is on edge. As Iran tries to tighten its grip on these waters, the global oil market is watching closely to see what happens next.

Source: Bloomberg.com