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Oil prices rise after US strikes again in Iran

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Oil prices rise after US strikes again in Iran
Oil prices have surged again after a US attack on a military installation in Iran's strategic port city of Bandar Abbas on Thursday.

 

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The US Central Command (CENTCOM) said its forces also shot down four Iranian drones that were posing a threat around the Strait of Hormuz.

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Immediately after the US strikes, the global benchmark Brent crude price rose 3.75 percent to $97.83 (73.15 pounds) per barrel. Meanwhile, US-traded crude oil prices increased 4 percent to $92.22 per barrel.

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