Commodities
US Strikes Iranian Tankers, Sending Oil Prices Skyrocketing
Oil prices have surged to near $100 per barrel as the US launched new strikes on Iranian tankers. The move is seen as a response to Iran's alleged attacks on oil tankers in the Gulf of Oman.
The price of Brent crude, a global benchmark, rose above $94 per barrel after the news broke. WTI crude, a key US marker, also jumped to near $86 per barrel.
The strikes are seen as an escalation of tensions between the US and Iran, which have been escalating in recent months. The US has accused Iran of attacking oil tankers in the Gulf of Oman, while Iran has denied any involvement.