Oil gains over a dollar after Iran targets US base

Oil prices rose by more than a dollar in early trading due to escalating clashes between Iran and the United States, following Iran's attack on a U.S. base in Jordan with ballistic missiles. Brent contracts traded at around $99.49 per barrel, while West Texas Intermediate crude reached $94.63. Since the beginning of August, Brent has increased by approximately 25%, amid growing concerns over how the escalation might impact global energy supplies.

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