Oil prices rise following the latest fighting in the Middle East, as AI stocks sink
Brent crude rose more than 3% as traders priced in supply risks and Asian chip stocks fell on renewed war fears, analysts said.
- The latest fighting between Iran and the U.S. in the Middle East has caused oil prices to rise and AI stocks to fall.
- Iran's Revolutionary Guards said they targeted U.S. military facilities in several countries, marking an escalation in pace and range of attacks.
- The renewed violence casts doubt on the future of a recent U.S.-Iranian agreement aimed at reopening the Strait of Hormuz and ending the war.
244 Articles
244 Articles
By Auzinea Bacon, CNN Oil prices rose this Sunday after a weekend of attacks between the U.S. and Iran. Brent crude, the international benchmark, rose by 3.92 percent to US$ 78.99 per barrel, and U.S. crude oil rose by 3.44 percent to US$ 73.87 per barrel. The post Oil prices rise by more than 3 percent after new attacks between the U.S. and Iran appeared first on KVIA.
MoU in crisis phase: Iran blames US for disrupting Strait of Hormuz shipping, warns gulf states against aiding Washington - The Tribune
The foreign ministry also issued a stern warning to nearby states along the southern Persian Gulf, stating that by aiding the US, the neighbouring nations have effectively been dragged into the conflict.
Fourth U.S. attack on Iran in a week: The U.S. military deploys new floating combat drones. Tehran responds to Gulf States with missiles
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