Oil Rises More Than 2 Percent Following US Attack on Iranian Island

CENTCOM confirmed American forces had struck a pair of rocket launchers loaded with sea mines on Aug. 30.

Oil Rises More Than 2 Percent Following US Attack on Iranian Island

TL;DR

  • Brent crude rose above $91 per barrel on August 31.
  • The price increase followed U.S. strikes on Larak Island in the Strait of Hormuz.
  • U.S. forces targeted two rocket launchers armed with sea mines.
  • This marks the first known U.S. strikes on Iran in a month.