The early morning incidents, which two shipping companies involved and the White House described as attacks, elevated tensions in a region already unsettled by the escalating conflictbetween the United States and some of its allies, and Iran.
Crude oil futures surged more than 4% on Thursday after two tankers were attacked in the Gulf of Oman, a key waterway used to transport energy supplies from the Middle East.Â
Frictions have become so intense that other nations have pleaded with all sides to stay calm rather than provoke an all-out war. On Wednesday, Prime Minister Shinzo Abe of Japan, who was visiting Iran and trying to bridge the gap between Iran and the United States, warned of the risk of stumbling into military conflict.