Oil climbs 1.5% after US strikes
Oil prices rose slightly after the United States conducted strikes in southern Iran targeting boats attempting to lay mines and missile launch sites, aimed at protecting American forces. Brent contracts increased by 1.5%, reaching around $97.56 per barrel, after a 7% decline in the previous session, while West Texas Intermediate crude oil saw a modest rise to $91.25. These developments come amid efforts to reach an agreement between Iran and the U.S. to end the three-month-long conflict, including the removal of mines from the Strait of Hormuz and the cessation of transit fees, with the potential to restore maritime navigation.
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