Oil prices jump to $76 a barrel after US strikes on Iran and sanctions waiver revocation
By
Erin Hale, John Power
Summary
Oil prices surged as the US launched strikes on Iran and revoked a temporary waiver of sanctions on Iranian oil, reversing a recent slide. Brent crude rose 3% to $76.07 a barrel, the highest since June 23, as renewed hostilities threaten a fragile ceasefire and disrupt energy markets in the Strait of Hormuz region.
Source
bskyOil prices jump to $76 a barrel after US strikes on Iran and sanctions waiver revocationaljazeera.comKey quotes
· 3 pulledOil prices have surged as renewed hostilities between the United States and Iran threaten to derail a fragile ceasefire that had brought some relief to global energy markets.
Brent crude, the main international benchmark, rose as much as 3 percent on Wednesday, reversing a slide that had seen prices return to pre-war levels.
Brent futures for September stood at $76.07 a barrel as of 04:00 GMT, the highest since June 23.
You might also wanna read
Brent crude oil surges past $116 as Iran conflict, UAE OPEC exit, and US inventory declines drive prices
Brent crude oil futures surged over 7% to nearly $120 per barrel, the highest level since June 2022, driven by the ongoing Iran conflict, th
tradingeconomics.com·2mo ago
Oil prices surge above $100 despite IEA reserve release amid Gulf tensions
Oil prices surged above $100 per barrel despite the International Energy Agency's announcement to release record amounts of oil reserves. Th
bbc.com·3mo ago
Oil prices climb as US strikes on Iran fuel fears truce is unravelling
Oil Jumps as US Strikes on Iran Push WTI Above $72
Crude loses cool: Oil prices soar 3% as Middle East tensions flare again
Oil and gas prices surge after Iran-Israel attacks on gasfields disrupt global energy supplies
Gas prices hit four-year highs and oil prices surged after Iran and Israel attacked gasfields, raising fears of prolonged energy supply disr
theguardian.com·3mo ago
Comments
Sign in to join the conversation.
No comments yet. Be the first.