Oil inches closer to $100 per barrel as Iran strikes US targets in Jordan
5 Articles
5 Articles
Tehran targets Jordan after US hits Iranian tankers
The US military said it destroyed five Iranian oil tankers in response to the latest attacks on its warships. Tehran hit back at American targets in Jordan, the latest burst of back-and-forth strikes. Jordan’s military said its air defence systems intercepted 18 ballistic missiles launched towards its territory and two others fell in places where no one lives. It said it has no reports of casualties. The Trump administration on Tuesday also imp…
Oil inches closer to $100 per barrel as Iran strikes US targets in Jordan
Oil prices climbed towards $100 a barrel on Wednesday, marking the fourth straight session of increases. Renewed hostilities between the United States and Iran have significantly unsettled the crude oil market. Tensions flared as Iran targeted US positions with missiles in response to the destruction of its oil tankers by US forces. This escalating conflict continues to keep oil markets highly volatile.
Oil prices are approaching $100 a barrel after an escalation of the war in the Middle East. The US has destroyed Iranian oil tankers, Iran has responded with missile attacks on Jordan. Houthi forces have attacked energy facilities.
The U.S. and Iran are again exchanging fire during the night of Tuesday to Wednesday. The U.S. Army claims to have destroyed five oil tankers in the Gulf region. The Revolutionary Guards are announcing fire on an American base in Jordan. The price of oil is close to $100.
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