Oil costs surge 2.5% as US-Iran conflict intensifies in the Gulf
Crude oil prices moved higher following US military strikes on Iranian positions close to the Strait of Hormuz, which triggered retaliatory missile and drone assaults by Iran on American installations in Jordan. During early trading, Brent crude climbed past $90, while WTI saw an increase of more than 2%. Investors are worried that the ongoing hostilities could interfere with international oil shipments passing through this vital maritime route.
by shortkt.com✓