- Oil rose sharply after Iran launched an attack on U.S. forces using ballistic missiles.
- Futures for international benchmark Brent crude for September delivery gained 3.42% to $86.97 a barrel.
- U.S. crude for June advanced 3.58% at $82.09 per barrel.
- Islamic Revolutionary Guard Corps forces launched multiple ballistic missiles from Iran in an attempted surprise attack on U.S. forces based in the Middle East.
- U.S. and Saudi forces targeted multiple terrorist logistics and weapons sites in eastern Iraq, retaliating against more than 30 drone attacks in the past three days by Iran-aligned terrorists.
- Houthi attacks targeting Saudi oil facilities have also raised supply concerns.
- Houthi strikes on oil production, storage and port infrastructure could disrupt supply across the region.
Oil prices have surged amid escalating tensions between the U.S. and Iran, following a series of missile strikes.
Brent crude futures for September delivery increased 3.42% to $86.97 a barrel, while U.S. crude for June advanced 3.58% to $82.09 per barrel.23
The U.S. Central Command reported that the Islamic Revolutionary Guard Corps launched multiple ballistic missiles in an attempted surprise attack on U.S. forces based in the Middle East.4
In retaliation, the U.S. and Saudi Arabia targeted multiple terrorist logistics and weapons sites in eastern Iraq, responding to over 30 drone attacks in the past three days by Iran-aligned terrorists.5
Additionally, Houthi attacks on Saudi oil facilities have raised significant supply concerns, with strikes on oil production, storage, and port infrastructure threatening to disrupt supply across the region.6
Investors are closely monitoring these developments as they could have profound implications for global oil markets.
“Brent crude futures for September delivery gained 3.42% to $86.97 a barrel, while U.S. crude for June advanced 3.58% at $82.09 per barrel. The Islamic Revolutionary Guard Corps launched missiles at U.S. forces, prompting retaliatory strikes by U.S. and Saudi forces against Iran-aligned terrorists in Iraq.”
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