Channel NewsAsia
AsiaPac · 27 mins ago
Oil rises more than a dollar per barrel as US launches fresh strikes against Iran
NEW YORK, July 8 : Oil prices rose more than a dollar a barrel in post-settlement trade on Wednesday after the U.S. military began launching fresh strikes on Iran.Both crude benchmarks had settled at their highest in over two weeks after U.S. President Donald Trump threatened fresh strikes against Iran as soon as Wednesday night. Trump also said that an interim deal to end the Iran war was "over", but then ruled out full-fledged war.Brent crude futures last traded up at $79.28 a barrel, after settling up more than 5 per cent at $78.02 to end Wednesday's session. U.S. West Texas Intermediate crude futures were trading at $74.76 a barrel, up from the session's settlement level of $73.52.The U.S. military's Central Command announced on Wednesday it was launching fresh strikes on Iran aimed at
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