Oil rises over 2% after US attack on Iran
The United States launched an attack on Iran's Larak Island in the Strait of Hormuz, leading to a rise in oil prices by more than 2%. Futures for Brent crude increased to $90.31 per barrel, while West Texas Intermediate rose to $85.23. Iran responded by targeting two American airbases in Jordan, amid ongoing military escalations in the region. Meanwhile, negotiations between the United States and Iran remain stalled, with tensions ongoing and impacting global oil supplies.
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