Commodities
US and Iran Engage in Fresh Round of Attacks, Oil Prices Soar
Tensions between the US and Iran have escalated once again after a series of attacks on each other. The oil market responded immediately, with Brent prices breaking through $91 per barrel.
The conflict has been ongoing for seven months, disrupting global energy supplies and shaking world financial markets.
The latest round of tensions began when the US attacked two Iranian rocket launchers on Larak Island, reportedly killing three people. Iran retaliated by attacking two US bases in Jordan.
US President Donald Trump has signaled that Washington is ready to retaliate against further attacks, saying 'we're going to hit them very hard.'