#TrumpSaysIranAttackWillNotAffectUSDeal
Global oil prices jump as Israel, Iran trade blows
Oil prices continue to rise amid renewed escalation in the Middle East. Brent rose to $96.64 in Asian trading, up 3.8% in a day. WTI rose 4.6% to $94.68.
What's happening to prices
Markets reacted sharply after Iran's missile strike on Israel and Israel's subsequent response. Brent rose to $96.64 in Asian trading, up 3.8%. WTI rose 4.6% to $94.68.
Since the conflict began in late February, Brent has reached a high of $126 a barrel. Rising fuel prices are fueling inflation around the world and undermining Trump's approval ratings.
Why Markets Are Nervous
Traders fear the exchange of blows could escalate into a return to full-scale conflict and bury hopes of a deal to open the Strait of Hormuz. #IsraelStrikesIranMilitaryTargets #IranStrikesIsraelOilPriceRises #oil
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