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US oil reaches $90 after Iran strike
Reports circulated that oil prices rose significantly following attacks and tensions in the Middle East, as the United States launched strikes against Iranian targets inside Iran, and Iran responded by hitting two American bases in Jordan. Brent crude rose to $94.52 per barrel, and West Texas Intermediate to $90.03, reaching their highest levels since July due to fears of an escalation in the region critical to global shipping. Additionally, a oil tanker was struck by munitions of unknown origin in the Strait of Hormuz, amid escalating tensions between Washington and Tehran that threaten to destabilize the global oil market.
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