Oil rises 3.5% after US-Iran clashes
Oil prices rose by over 3.5% after the United States attacked Iran's Larak Island in the Strait of Hormuz, and Tehran responded with strikes on military bases, increasing concerns over global energy supply disruptions. Brent crude surged to $91.25 per barrel, while West Texas Intermediate reached $86.36. Meanwhile, the number of ships transiting the strait significantly decreased due to stalled negotiations between Iran and the United States, as Washington considers imposing new secondary sanctions on Tehran to exert pressure on oil flows.
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