Oil prices jump after US launches new attacks on Iran
Oil prices have surged following new US attacks on Iran, specifically targeting a military site in Bandar Abbas. The US Central Command reported the downing of four Iranian drones near the Strait of Hormuz. This escalation occurs amidst ongoing ceasefire talks between the two nations, which have already impacted global energy costs.
- ▪Oil prices rose significantly after the US targeted a military site in Iran.
- ▪The US Central Command reported downing four Iranian drones near the Strait of Hormuz.
- ▪Around 20% of global oil and LNG supplies pass through the Strait of Hormuz.
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Oil prices jump after US launches new attacks on Iran9 minutes agoShareSaveAdd as preferred on GooglePeter HoskinsBusiness reporterHindustan Times via Getty ImagesThe conflict in the Middle East has pushed up the cost of energy around the world.Oil prices have jumped after the US carried out new attacks on Iran, targeting a military site in Bandar Abbas, a strategic port city.The US Central Command (Centcom) said its forces also shot down four Iranian drones "that posed a threat around the Strait of Hormuz".Global oil benchmark Brent rose by 3.75% to $97.83 (£73.15) a barrel, while US-traded crude was 4% higher at $92.22.The strikes come despite a ceasefire between Tehran and Washington as the two countries hold talks to end the three-month-long conflict that has effectively closed the…
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