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US oil prices jump after US military launches strikes against Iran

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US oil prices jump after US military launches strikes against Iran

U.S. oil prices rose nearly 3% early Wednesday, extending the prior session’s gains, after the U.S. military launched strikes against Iran. The move reflects increased concerns that a fragile truce is faltering, raising geopolitical risk and supporting crude prices.

Analysis

U.S. oil prices rose nearly 3% early Wednesday, extending the prior session’s gains, after the U.S. military launched strikes against Iran. The move reflects increased concerns that a fragile truce is faltering, raising geopolitical risk and supporting crude prices.

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