Oil Prices Jump as Gulf Conflict Returns to the Foreground
Oil rose more than two percent after renewed US-Iran attacks revived concerns about Gulf supply and shipping routes.
Oil prices climbed more than two percent after US strikes on Iran's Larak Island and a response from Tehran brought geopolitical supply risk back into focus.
Markets are watching the Strait of Hormuz and regional export infrastructure closely because even limited disruption can affect global prices.
Reporting basis: NewsRena Editorial Desk review of reporting by Reuters.
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