Oil prices rise above $85 as US strikes Iran for second night
- Oil prices rose in choppy trading on Wednesday as US forces carried out a second consecutive night of strikes against Iranian targets and Washington reinstated its naval blockade of Iran’s ports near the Strait of Hormuz.
- West Texas Intermediate, the US crude benchmark, rose 1 per cent to $80.14 a barrel, while Brent, the international benchmark, gained 1.2 per cent to $85.77 a barrel.
- US Central Command said forces had struck missile and drone facilities, naval assets and coastal defence systems in Iran overnight.
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- Oil prices rose in choppy trading on Wednesday as US forces carried out a second consecutive night of strikes against Iranian targets and Washington reinstated its naval blockade of Iran’s ports near the Strait of Hormuz.
- West Texas Intermediate, the US crude benchmark, rose 1 per cent to $80.14 a barrel, while Brent, the international benchmark, gained 1.2 per cent to $85.77 a barrel.
- US Central Command said forces had struck missile and drone facilities, naval assets and coastal defence systems in Iran overnight.
Sources: The Independent