Oil rises over 3% on US-Iran strikes
Oil prices have sharply declined due to escalating tensions between the United States and Iran, with Brent crude dropping by 3.9% to $88.58 per barrel after the U.S. conducted strikes on Iran's Larak Island in the Strait of Hormuz. Iran responded by launching attacks on two American military bases in Jordan. This indicates a rise in military tensions in the region, with potential negative impacts on global oil markets.
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