The ongoing conflict between Iran and the US has intensified, with multiple oil tankers being attacked in Iraqi waters. Incidents involving explosions and fires on foreign vessels have left at least one person dead and prompted Iraq to shut down its oil terminals to safeguard maritime routes. The situation has triggered significant fluctuations in oil prices, which have surged past $100 per barrel as the market reacts to the chaos. The US has responded by ordering a release from its petroleum reserves in an attempt to stabilize the markets amidst fears of further disruptions. As tensions rise, reports of Iranian drone and explosive-laden boats targeting vessels continue to emerge, raising concerns over maritime security in the region.