Oil prices jump after renewed attacks between US, Iran

Brent jumped 3.4% within hours of the first shot. The market didn't wait for a ceasefire to figure out who pays for this.

Crude oil prices jumped on Monday after the U.S. attacked Iran’s Larak Island, prompting Iran to retaliate, the first known military action from either country after weeks of stalemate. Futures for Brent crude, the international benchmark, for September rose 3.4 percent to trade at $91.09 per barrel early Monday morning, after seeing a sharp fall…

Read it at The Hill ↗

← Front page