Oil rises to $90 following US strikes on Iran
Oil prices rose by more than 2% after the United States conducted strikes on two Iranian missile launch platforms on Larak Island in the Strait of Hormuz. This pushed Brent crude above $90 per barrel for the first time in several months. The escalation caused Brent to increase by $2.22, reaching $90.32 per barrel, while West Texas Intermediate prices remained at $85.41, up by $2.01. Iran responded to the attacks, with Iranian missiles targeting American forces in Jordan being intercepted.
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