Oil prices slip as tankers continue to ply Middle East conflict zones

Iran has ruled out an Omani proposed for regional joint management of the strait, a senior Iran official said on Wednesday.

U.S.-Saudi strikes hit Iran-backed paramilitary forces in Iraq on Wednesday, the first time that Saudi had publicly joined U.S. air strikes, in retaliation for drone attacks on Saudi oil targets launched from Iraq.

That marked the resumption of U.S. strikes in the Middle East, since President Donald Trump over the weekend called off a bombing campaign amid dwindling munitions.

Iran also said that it had fired on U.S. bases in Jordan and struck three tankers that were transiting the Strait of Hormuz through what it said was an unauthorised route.