Iran-US Tensions Send Oil Prices Soaring
Oil prices surged after reports emerged that the US had carried out strikes on Iranian launchers.
The move is seen as an escalation of tensions between the two nations, with oil prices responding accordingly.
Crude oil futures jumped by over 4% in Asian trading hours, with Brent crude rising to $72.50 per barrel and West Texas Intermediate (WTI) increasing to $65.60 per barrel.