US-Iran Conflict Sends Oil Prices Soaring
Oil prices surged by up to 3% on August 31 after the United States and Iran resumed their conflict in the Middle East.
The US military launched an attack on two Iranian rocket launchers on Larak Island, prompting a retaliatory strike from Iran with missile attacks on American bases in Jordan.
Iran's Revolutionary Guard Corps confirmed that several of its soldiers were killed in the US strike.
US President Donald Trump renewed his threats against Iran's Kharg Island, the country's main oil export terminal, saying it will be 'blown to smithereens.'