BREAKING: US forces attack near Iran's Kharg Island, sources say

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00:07

>> Martha: SOME NEWS BREAKING. RIGHT NOW, THE UNITED STATES IS. TARGETING AND HITTING A TANKER. ACCORDING TO THESE REPORTS CLOSE. TO KHARG ISLAND ABOUT 4 MILES. AWAY FROM THE IRANIAN NEWS. AGENCIES REPORTS ON THIS AND. OBVIOUSLY KHARG ISLAND IS THE. CENTRAL HUB OF THE OIL INDUSTRY. AND WE WILL HAVE MORE ON THAT. FROM JENNIFER GRIFFIN IN JUST A. MOMENT BUT LET'S BRING IN. CORRESPONDENT LAUREN SIMONETTI.

00:32

THIS IS OBVIOUSLY CROSSING THE. WIRES AS YOU ARE SITTING DOWN. HERE AND WE ARE SPEAKING BUT. YOUR REACTION TO WHAT WE'VE. LEARNED SO FAR. >> IT'S THE EPICENTER OF THE OIL. INDUSTRY AND IT'S GROUND ZERO. THAT IS WHERE THEY STORE THEIR. OIL, THE TANKS ARE GETTING MORE. FULL AND RUNNING OUT OF SHIPS SO. THIS REALLY WOULD SQUEEZE THEIR. ECONOMY EVEN MORE. WE ARE SEEING FUEL PRICES SURGE. AND FRESH ATTACKS TODAY ON. SAUDI ARABIA. THAT IS A U.S. ALLY AND THE.

01:03

SECOND BIGGEST PRODUCER. THE HOUTHI REBELS CLAIMED. RESPONSIBILITY FOR ATTACKING AN. ENERGY FACILITY WITH THOSE. SUSPENDED. AMERICAN AND IRANIAN FORCES. TARGETED SHIPS IN THE GULF, 30. SHIPS CROSSED HORMUZ SINCE. FRIDAY, JUST 15 WERE TANKERS. ACCORDING TO THE DATA FROM. KEPLER. CHRIS WRIGHT SAYS MORE OIL. FLOWED THROUGH AND CITED.

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18 MILLION BARRELS ONE WEEK AGO. TODAY PLUS THE FOUR TO 5 MILLIOT. THE PIPELINE CARRIES. SOME ANALYSTS ARE TELLING ME. THIS IS THE NEW NORMAL AND THE. REASON WHY PRICES HAVE NOT. SPIKED MORE. BEIJING HAS BUILT THIS BUFFER OF. OVER 1.1 BILLION BARRELS IN. THEIR RESERVES. THEY DON'T NEED TO BUY IRAN'S. OIL, THEY ARE RUNNING OUT OF. PLACES TO STORE IT. DID YOU SEE THESE GAS LINES? THIS IS YESTERDAY IN TEHRAN. JUST BEFORE THE GOVERNMENT.

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INCREASED GAS PRICES, A SIMILAR. INCREASE BACK IN 2019 SPARKED. NATIONWIDE PROTESTS AND A LETHAL. STATE CRACKDOWN. OIL IS THE MAIN EXPORT FOR THE. IRANIAN ECONOMY AND KHARG ISLAND. IS WHERE THEY DO IT. THAT IS WHERE STOCKS ARE DOWN ON. THIS REPORT. >> Martha: WE ARE SEEING THIS. DUAL EFFORT BETWEEN THE. UNITED STATES BLOCKADE TO. SQUEEZE THE STRAIT AND THEN ALSO. THESE RECIPROCAL ATTACKS THAT. ARE CHILLING THE IRANIAN ECONOMY.