Oil prices jump 3% as U.S. launches fresh military strikes against Iran, fueling supply disruption fears
By
Lee Ying Shan
Crusty in the right places. Worth the chew.
Summary
Oil prices surged on Thursday after the U.S. launched fresh military strikes against Iran, raising concerns that the conflict could persist and further disrupt global energy supplies. U.S. crude futures rose 2.94% to $92.68 per barrel, while Brent futures gained 2.52% to $95.45 per barrel. The U.S. Central Command confirmed additional self-defense strikes against multiple targets in Iran, ordered by the Commander in Chief.
Key quotes
· 3 pulledU.S. crude oil futures for July rose 2.94% to $92.68 per barrel.
Brent futures, the international benchmark, for August delivery gained 2.52% to $95.45 per barrel.
The U.S. Central Command said American forces had started 'launching additional self-defense strikes today at 5:15 p.m. ET against multiple targets in Iran at the Commander in Chief's direction.'
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