Oil prices rise following renewed US strikes on targets in Iran, according to multiple reports, reflecting heightened market concern about supply disruptions. One outlet says Brent crude futures rise by 86 cents, or 1.1%, to $78.88 a barrel after the US announces and carries out another round of strikes. Other coverage reports higher price levels, including oil moving above $85 and later returning above $90, tied to the ongoing exchange and expectations of broader risk.
Reporting on the strikes cites US Central Command, which says forces hit missile and drone facilities, naval assets and coastal defence systems. Financial Times also links the latest operations to an escalation after Iran is reported to have attacked tankers, and it adds that US actions continue as the number of American casualties rises, though casualty details are not consistent across the excerpts provided.
At the same time, Investing.com reports that oil slips more than 5% after the US pauses strikes on Iran, indicating the market reacts sharply to changes in the military tempo. Overall, the sources describe a cycle of price increases during renewed attacks and declines when strikes are paused.
