Tensions Flare as Trump Administration Escalates Mideast Confrontation The recent US strikes against Iran have sent oil prices soaring.
The attacks on three commercial vessels in the Strait of Hormuz by forces believed to be linked to Iran sparked a swift and decisive response from the US, with "powerful strikes" against Iranian targets that have raised tensions in the region to a boiling point.
Oil prices rose sharply in response, with West Texas Intermediate futures jumping 3. 07% to $72. 61 per barrel.