Oil Jumps Following US Strikes on Iran Targets

🇺🇸 Bloomberg (US) —

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Oil prices surged after US forces struck more than 80 targets in Iran in retaliation for attacks on shipping in the Strait of Hormuz. Brent crude topped $76 a barrel while West Texas Intermediate traded above $72, reflecting heightened geopolitical tensions in the region.

Brent rose as much as 3% to top $76 a barrel, while West Texas Intermediate traded above $72 after US forces completed strikes on more than 80 targets in Iran in retaliation for attacks on shipping in the Strait of Hormuz. Bloomberg's Stephen Stapczynski reports. (Source: Bloomberg)

World Security Conflict Politics Markets Commodities Energy Shipping oil prices US strikes Iran targets Brent crude West Texas Intermediate Strait of Hormuz geopolitical tension retaliation

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