Oil jumps to highest price since 2022 after report Trump to be briefed on new Iran options
Oil prices surged to their highest level since 2022 amid reports that President Donald Trump is being briefed on new military options regarding Iran, including potential strikes and control of the Strait of Hormuz. Brent crude rose 5% to $124 a barrel, driven by concerns over disrupted energy supplies and stalled peace talks. The heightened tensions and potential for extended blockades have increased market anxiety about global oil availability.
Opening excerpt (first ~120 words) tap to expand
Oil jumps to highest price since 2022 after report Trump to be briefed on new Iran options20 minutes agoShareSaveAdd as preferred on GoogleOsmond ChiaBusiness reporterCostfoto/NurPhoto via Getty ImagesOil prices jumped on Thursday in Asia after a report that the US military is set to brief President Donald Trump on new plans for potential action in the Iran war.Brent crude rose by 5% to $124 (£92) a barrel, the highest level since Russia's full-scale invasion of Ukraine in 2022.Energy prices have risen this week as peace talks appeared to have stalled, with the key Strait of Hormuz waterway remaining effectively closed.US Central Command has prepared a plan for a wave of "short and powerful" strikes on Iran in a moved aimed to break the deadlock in negotiations with Tehran, news site…
Excerpt limited to ~120 words for fair-use compliance. The full article is at BBC News.
Discussion
0 commentsMore from BBC News
