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Oil prices jump 2% amid US Iran tensions
Oil prices continued to rise by 2%, reaching their highest level since June 11, due to escalating attacks between the United States and Iran in the Middle East, with Brent futures exceeding $90 per barrel. This increase comes amid heightened military tensions, with the Gulf exporting roughly 12 million barrels of oil daily in the first half of July, the highest level since the onset of the conflict with Iran, despite a decline to around 8 million barrels amid growing concerns. American statements reaffirm that the military mission against Iran will persist until objectives are achieved, as Washington seeks to ensure the continuous flow of oil through the Strait of Hormuz.
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