Oil prices edge higher after US strikes on Iran’s Qeshm Island | Trump | US-Iran war

Oil prices edge higher after US strikes on Iran’s Qeshm Island | Trump | US-Iran war

Oil prices edged higher in early Asian trade on Tuesday after reports of US strikes on Iran’s Qeshm Island revived concerns about an escalation in the conflict. Brent crude rose 0.5% to $105.25 a barrel, while US West Texas Intermediate crude gained 0.5% to $96.93. The gains followed a 7.63% drop in Brent prices on Monday amid hopes of a diplomatic breakthrough. The latest developments have renewed concerns about shipping disruptions through the Strait of Hormuz.

#usiranwar #trump #crudeoil #oilprices

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