Oil rises over 2% after US strike on Iran

After the American attack on the Iranian Larak Island in the Strait of Hormuz, oil prices rose by more than 2%. Brent crude increased by $2.21 to reach $90.31 per barrel, while West Texas Intermediate (WTI) rose by $1.83 to $85.23. The attack occurred amid an escalation of the war between the United States and Iran, which responded by bombing two American airbases in Jordan. Tensions in the region continue to rise as the war enters its sixth month.

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