Crude oil prices rise 2% amid US-Iran conflict escalation
Crude oil prices jumped as the US launched strikes on Iran, with Brent crude rising 1.9% to $75.53 per barrel and WTI crude up 2.1% to $71.87 per barrel. This escalation in the US-Iran conflict could increase market volatility.
after close1 source ↓written by the desknot a recommendation
- rose
- 1.9%
- per barrel
- $75.53
- increased
- 2.1%
- per barrel
- $71.87
Oil prices surged on Wednesday as the US conducted strikes on Iran following attacks on commercial vessels in the Strait of Hormuz. Brent crude rose 1.9% to $75.53 per barrel, while WTI crude increased 2.1% to $71.87 per barrel. This escalation may lead to further volatility in oil markets. ⚡
Not investment advice. For informational purposes only.