From HuffPost · · 50s
Oil Prices Jump After U.S. Strike on Iran
U.S. strikes Iran's Qeshm Island push oil prices up as peace talks stall.
In brief
U.S. strikes Iran's Qeshm Island push oil prices up as peace talks stall. Oil prices rose $1.6 per barrel after U.S. military action on Iran's Qeshm Island, with officials saying a peace deal remains distant. Originally reported by HuffPost.
Oil Prices Rise
Oil prices rose more than $1 on Tuesday as an Iranian official said a deal to end the war was far off, while the U.S. struck Iran's Qeshm Island.
Market Reaction
U.S. West Texas Intermediate crude rose $1.6 to $98.06 a barrel, while Brent crude futures climbed $1.84 to $106.61 a barrel.
Iranian Response
Iran's parliament speaker Qalibaf stated Tehran had given Washington a 'strong and rational response,' saying the ball is in the U.S. court.
The key point
Oil prices rose $1.6 per barrel after U.S. military action on Iran's Qeshm Island, with officials saying a peace deal remains distant.
