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Oil prices rise after Iran attacks U.S. bases in Jordan
Iran said the attack was retaliation for a prior U.S. strike on Larak Island, adding to renewed Iran deal concerns and boosting oil sentiment.
Iran urged a return to the June nuclear deal as oil prices rose following an attack on two American bases in Jordan, according to CNBC Markets.
The outlet reported that Iran framed the attack as retaliation for a U.S. strike on Larak Island.
CNBC World said the move came after U.S. President Donald Trump vowed to hit Iran hard, keeping pressure on Iran and energy markets elevated.
As tensions rise between Iran and the United States, traders appear to have priced in a higher risk premium for oil.
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