1 of 3 | Cargo vessels are seen at one end of the Strait of Hormuz near the coast of Dibba Al Fujairah, United Arab Emirates on July 21. File Photo by Stringer/EPA

Sept. 1 (UPI) — Two oil tankers were struck by unknown projectiles on the Strait of Hormuz while the renewed fighting between Iran and the United States sends oil prices on the rise again.

One Saudi Arabian and one South Korean oil tanker were hit by projectiles within minutes of each other on Monday night, the UK Maritime Trade Operations Centre reported. The organization said no casualties or environmental impact have been reported.

The strikes followed President Donald Trump warning of further escalation in the war with Iran.

The United States launched strikes on Iranian troops in Larak Island on Sunday, causing Iran to retaliate with strikes on U.S. bases in Jordan. Trump said in a TV interview on Monday that he planned to respond by hitting Iran “hard.”

Dr. Majid Al-Ansari, spokesman for the Qatari Foreign Ministry, said on Tuesday that the nation will re-up its efforts to bring the United States and Iran back to the table to discuss a peace agreement.

“This escalation will not benefit anyone,” Al-Ansari said. “We are all affected by this escalation. Therefore we urge the parties, first, to exercise wisdom and return to the negotiating track, and we continue and intensify our efforts with our mediation partners to ensure a return to this track.”

Meanwhile, Iranian President Masoud Pezeshkian said Iran would be open to returning to peace talks if the United States moves in that direction.

Oil prices increased by 2% early Tuesday on the back of escalating conflict between the United States and Iran. Brent crude oil, the international benchmark, was up 2% to $92 per barrel while West Texas intermediate, the U.S. benchmark, was trading for $88 per barrel.

Retired Deputy Police Chief Sam Pulia places American flags at the 9/11 memorial south pool before the start of the 9/11 Commemoration Ceremony at the National September 11th Memorial and Museum in New York City on September 11, 2025. Nearly 3,000 died in the September 11 attacks. Photo by Peter Foley/UPI | License Photo

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