economy
Oil jumps 3% after Iran says it targeted U.S. airbase following fresh American strikes
Oil prices rose on Thursday after fresh U.S. strikes in Iran renewed concerns over disruptions to commercial shipping through the Strait of Hormuz.
TL;DR
- Oil prices, Brent and WTI futures, rose over 3% on Thursday.
- The increase followed fresh U.S. strikes in Iran and renewed concerns over shipping through the Strait of Hormuz.
- Iran's Revolutionary Guards claimed to have targeted a U.S. airbase.
- U.S. forces reportedly intercepted and downed Iranian drones.
- Some market watchers noted investors were pricing out supply disruption scenarios, anticipating a potential U.S.-Iran agreement.
- However, uncertainty over deal timing and energy-driven inflation risks kept central banks alert, potentially leading to tighter monetary policies.