Oil Jumps as US Conducts Wave of Strikes Against Iran

🇺🇸 Bloomberg (US) —

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Oil prices rose as the US conducted multiple air strikes against Iran, escalating tensions between the two countries. Brent crude went above $79 per barrel amid disputes over the status of the Strait of Hormuz.

Global benchmark Brent rose above $79 a barrel while West Texas Intermediate edged toward $75 after US forces completed another wave of strikes against Iran, with the two sides disputing whether the Strait of Hormuz was open. Bloomberg's Stephen Stapczynski reports. (Source: Bloomberg)

World Security Conflict Politics Markets Commodities Energy Shipping oil prices US strikes Iran Brent crude Strait of Hormuz energy markets geopolitical tension

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