US and Iran exchange direct military strikes, pushing Brent crude near $96 per barrel

96CONFLICT

US and Iran exchange direct military strikes, pushing Brent crude near $96 per barrel

⚡ Markets: Direct conflict between the US and a major oil producer creates significant supply disruption risk for crude oil and LNG, supporting higher prices. Increased maritime risk premium for shipping through the Strait of Hormuz.BrentWTILNGshipping stocks

Iran launched missile and drone attacks on US military targets in Kuwait and other Gulf states, retaliating for US strikes inside Iran. The escalating conflict has pushed Brent crude prices to their highest levels since July, raising concerns over global oil supply and shipping security in the Strait of Hormuz.

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23 sources across the spectrum

Financial pressOilPrice — Brent Nears $96 as Iran Conflict Keeps Oil Market on Edge

Financial pressCNBC — Oil prices little changed after Iran fires missiles at Kuwait

Financial pressBloomberg — Oil Heads for Biggest Weekly Gain Since July on Iran War Risks

RegionalKompas — Pasar Cermati Eskalasi Perang AS-Iran, Harga Minyak Dunia Bertahan di Level 95 Dollar AS

West MSMReuters — Oil set for steepest weekly gain since mid-July, fuelled by US-Iran clashes

Financial pressFinancial Times — Lloyd’s of London faces £1.4bn losses in Gulf from US-Iran war

RegionalTimes of India — Oil heads for biggest weekly gain since July as Middle East tensions flare

RegionalYnetnews — Iran tests Trump with Gulf strikes as US touts Hormuz oil surge and battered carrier raises alarms

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