Oil Prices Rise Following Renewed U.S. Strikes on Iran

Oil prices rose after the United States launched new military strikes against Iran, sparking fears of a resumption of navigation through the Strait of Hormuz and disruptions to global oil supplies. Brent crude reached $78.77 per barrel, while U.S. crude hit $74.24 per barrel, with an increase of over a dollar in after-hours trading. These strikes are in response to attacks on tankers and to renewed tensions between Washington and Tehran in the region.

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