Oil Surges as U.S. Strikes Iran and Drones Intercepted Near Hormuz
TL;DR Summary
Oil rose after the U.S. struck Iran at Bandar Abbas and shot down four drones near the Strait of Hormuz; Brent climbed about 3.75% to $97.83 a barrel and US crude to $92.22 as tensions persist despite ceasefire talks. The Strait of Hormuz remains a critical chokepoint through which roughly a fifth of global oil and LNG passes, with market volatility tied to ongoing clashes and past spikes near $120.
- Oil prices jump after US launches new attacks on Iran BBC
- Iran war live: US strikes Iranian site; Kuwait targeted by missiles, drones Al Jazeera
- Iran war live: US and Iran exchange more strikes as hopes for Hormuz deal falter Reuters
- U.S. strikes drone launch site, as Trump holds to maximum demands on Iran The Washington Post
- Iran War Live Updates: Iranian Military Says It Targeted a U.S. Base in Retaliation for Strikes The New York Times
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