11 hrs ago

Brent Crude Nears $100 as US-Iran Strikes Escalate

Brent Crude Nears $100 as US-Iran Strikes Escalate
Brent Crude Hovers Near $100 After 40 Days As US-Iran Strikes Escalate, Hormuz Crisis Deepens · timesnownews.com

Oil prices are close to $100 because fighting between the United States and Iran has continued for 40 days.

The United States attacked Iran’s Larak Island.

Iran then attacked US military bases and other assets in Jordan and the United Arab Emirates.

The fighting is connected to the Strait of Hormuz, an important route for ships.

Donald Trump said US forces were helping about 30 ships travel through the strait each night.

He also said the United States had almost total control of the waterway.

Trump warned Iran and said its economy was collapsing.

He said he was not trying to force Iran into negotiations.

Key facts

Oil benchmark
Brent crude
Reported price level
Near $100
Duration of escalation
40 days
US target
Iran’s Larak Island
Iranian targets
US military bases and assets in Jordan and the United Arab Emirates
Reported nightly shipping assistance
About 30 ships
Trump’s claim about Hormuz
The US has “almost total control” of the strait

Quotes

Donald Trump

President of the United States commenting on the military confrontation with Iran.

“When are the Iranian people going to rise up and fight?”
timesnownews.com
“not trying to force Iran to the bargaining table”
timesnownews.com

Sources

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