Oil Futures Rise After Officials Describe Strikes on Iran’s Qeshm Island
Photo: TokenPost
Brent and U.S. crude futures rose 0.5% in early Asian trading Tuesday after U.S. officials described strikes on Iran’s Qeshm Island, reviving attention to supply risks near the Strait of Hormuz. At 8:04 p.m. ET Monday (0104 UTC Tuesday), Brent was $105.25 a barrel, up 48 cents. U.S. West Texas Intermediate crude futures stood at $96.93 after advancing 47 cents. Both benchmarks were 0.5% higher at that snapshot. U.S. officials characterized the reported Qeshm strikes as limited. Officials also identified Iranian missile launchers as targets on the island. Separately, a U.S.
Source: TokenPost
