Iran attacks oil tankers passing through Strait of Hormuz | ABC NEWS

Dramatic scenes have unfolded in the Strait of Hormuz in the Persian Gulf, where about one fifth of the world's oil passes through, as Iran attacks oil tankers and cargo vessels. As the US and Israel's war with Iran continues to escalate, thirty two countries have agreed to release four hundred million barrels of oil to address fears over global supply. Subscribe: http://ab.co/1svxLVE Read more here: https://www.abc.net.au/news/2026-03-1... ABC NEWS provides around the clock coverage of news events as they break in Australia and abroad. It's news when you want it, from Australia's most trusted news organisation. For more from ABC NEWS, click here: https://ab.co/2kxYCZY Watch more ABC NEWS content ad-free on ABC iview: https://ab.co/2OB7Mk1 Go deeper on our ABC NEWS In-depth channel: https://ab.co/2lNeBn2 Like ABC NEWS on Facebook:   / abcnews.au   Follow ABC NEWS on Instagram:   / abcnews_au   Note: In most cases, our captions are auto-generated. #ABCNEWS #ABCNEWSAustralia