Oil prices rise for 4th day as US strikes on Iran raise fears of wider conflict

Oil prices climbed for a fourth straight day after new U.S. strikes on Iranian military installations reignited fears of a full-scale conflict. Investors are pricing heightened risk of supply disruptions through the Strait of Hormuz, supporting a near-term upside in crude prices.

Analysis

Oil prices climbed for a fourth straight day after new U.S. strikes on Iranian military installations reignited fears of a full-scale conflict. Investors are pricing heightened risk of supply disruptions through the Strait of Hormuz, supporting a near-term upside in crude prices.