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#USLaunchesNewStrikesOnIranOilRebounds #USLaunchesNewStrikesOnIranOilRebounds
Oil markets rebounded sharply after fresh U.S. strikes targeted Iranian military and drone-control sites near the Strait of Hormuz, reigniting fears of wider regional escalation and renewed disruption to global energy flows. Brent crude surged back toward the $98–100 range while WTI climbed above $90 as traders rushed to price in geopolitical risk once again. �
Reuters +2
The latest strikes reportedly focused on Iranian drone operations viewed as threats to commercial shipping and U.S. forces operating near the Gulf corridor. Iran responded with warnings of stronger retaliation, while regional military alerts increased across several Gulf states. �
Reuters +2
Markets had previously fallen on expectations that Washington and Tehran were moving closer toward a temporary agreement involving the reopening of the Strait of Hormuz. However, the renewed military action quickly reversed sentiment and pushed traders back into defensive positioning. �
MarketScreener
Energy analysts now believe oil volatility could remain elevated as long as uncertainty around Hormuz shipping routes continues.