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Oil Jumps After Iran Strikes on US Bases in the Middle East
Brent crude climbed 2.38% as attacks on two supertankers and fresh US-Iran strikes deepened fears of supply disruptions.
Summary by Semafor
6 Articles
6 Articles
Oil Jumps to $95 a Barrel as US Strikes Iran Near the Strait of Hormuz
Brent crude jumped roughly 5% to near $95 a barrel after the US struck Iranian targets near the Strait of Hormuz following attacks on two oil tankers, reigniting a six-month-old war. The 10-year Treasury yield hit its highest level since 2023 as traders weighed a fresh oil shock against already stretched AI stock valuations.
Oil prices rose by about 2 per cent this Tuesday, as the resumption of clashes between the United States and Iran in the Middle East rekindled fears of supply disruptions from the world's largest oil-producing region.
Coverage Details
Total News Sources6
Leaning Left2Leaning Right0Center0Last Updated100% Left
Bias Distribution
- 100% of the sources lean Left
100% Left
L 100%
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