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Several explosions heard on Kharg Island - report

US strikes Iranian oil tankers near Kharg Island; WTI crude rises to $93.03, testing July highs amid escalating

· Source: investinglive.com

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Summary

Reports confirm US forces struck at least three Iranian tankers near Kharg Island, Iran's primary oil export hub, with WTI crude rallying $1.55 to $93.03 and retesting July highs. The escalation follows an unacknowledged Iranian second wave of attacks on US Navy assets, and Iran has threatened to target vessels in Kuwaiti and Bahraini ports in response, raising immediate geopolitical risk to global crude supplies. This represents a material disruption catalyst for oil markets, with Hormuz crude flows already at 76% of prewar levels and diesel shortages persisting.

Several explosions heard on Kharg Island - reportNewsAdam Button08/09/2026 | 18:59 GMT, published 08/09/2026 at 06:59 PMTagsOilAdd as a preferredsource on GoogleSummaryOil prices higher on the reportThere is a Mehr News report that says: According to Mehr correspondent based on Kharg Island, the sound of several explosions was heard in parts of Kharg Island a few minutes ago The sound of explosions was heard from the area of the Kharg anchorageThis is regime-affiliated news service so take it with a grain of salt but the US has been striking Iran's ships.WTI crude settled up $1.55 to $93.

03 and is now testing the July highs again. Kharg Island is Iran's export hub for oil.Update: An i24 report says the US is attacking oil tankers.

Update: There is confirmation from various sources now that US forces have struck at least three tankers, following reports of three others hit on Sept 5. Reports say US forces had ordered crews aboard Iranian tankers to evacuate ahead of additional attacks and Iran could respond by striking US bases.Other reports say there may have been land-based targets as well.

Update: Prior to the attacks, the IRGC spokesman said that in the event of any aggression against Iranian vessels, Iran's Armed Forces will heavily target US bases and interests across the region.Update: The WSJ reports that Iran launched a second wave of attacks on the US navy on Monday that CENTCOM hasn't yet acknowledged. Today's strikes may be in response to that.

Update: Iran's Revolutionary Guards said early on Wednesday that ships in Kuwaiti and Bahraini ports which host Americans will be targeted in response to attacks on Iranian oil tankers.ADVERTISEMENT - CONTINUE READING BELOWAdvertisementAdvertisementMust ReadAdam Button on Gold, Market Noise and Risk | What Traders Need to Know Before Q4Why risk management in trading matters if you want to stay in the gameGold breaks key support, slides below $4,230 as danger zone gives wayEuro area economic sentiment slips in September as inflation expectations riseIran expects US response today on Hormuz proposal as oil prices climb againS&P 500 technical analysis as week ended less than 1% lower than ATH just shy of 7850French stock market says 'au revoir'How to trade gold today as the gold futures market is very close to Friday's closeIran accuses Washington of sending secret peace proposals while talking tough in publicChart of the day: Treasury yields push to multi-decade highs despite fading Fed hike betsReports that Hormuz crude flows near 76% of prewar levels. Diesel shortage persists.

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