US Denies Iran Report That Naval Ship Was Hit by Missiles

The US denied a report by Iranian media on Monday that the country had struck an American naval vessel with missiles, Axios reported citing a senior official. Oil prices and stocks pared back some of their earlier moves.

Brent crude had jumped around 5% to over $113 a barrel and stocks fell after Fars reported a strike on a US frigate near the Gulf of Oman port of Jask following ignored warnings from the Islamic Republic’s navy. The US boat was forced to retreat and flee the area, Fars reported, citing unnamed sources.