Doug Krisner

News when you want it.

With Bloomberg News Now, I'm Doug Krisner.

Crude oil prices spiked today after Iran attacked a Singapore-flagged cargo ship in the Strait of Hormuz.

According to UK Maritime Trade Operations, the attack inflicted damage to the ship's bridge but left no casualties.

This took place near the coast of Oman.

Hours earlier, Iran's navy had warned vessels not to use routes through the strait that hadn't been permitted by the regime.

Now, it's unclear how this attack may affect the 60-day deal between the U.S.

and Iran to reopen the strait.

Here is Bloomberg's Josh Wingrove.

That is Bloomberg's Josh Wingrove.

In New York trading today, WTI crude oil gained over 2% to settle at just under $72.

Now, Washington continues to describe Hormuz as an international waterway.

However, Tehran says it has the sovereign right to determine how ships transit the strait.

And today, Secretary of State Marco Rubio was in Bahrain seeking Gulf backing for an Iran deal.

And he said, again, tolls are unacceptable.

Rubio also said the U.S.

wants to reach a deal with Iran to end the war, but it will not do so at any price.

Pakistani officials say further peace talks are set to take place next week in Switzerland.

The U.S.

Supreme Court has expanded the president's power over immigration.