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Home›Commodities›Energy›Oil rises to $99 as Iran attack reports intensify tens…

Oil rises to $99 as Iran attack reports intensify tensions

Reported · Written up by our desk · Energy

Oil prices climbed to about $99 a barrel as markets reacted to reports of a second undisclosed attack linked to Iran on U.S. Navy ships, according to CNBC World.

The move reflects broader escalation in Middle East tensions after the United States and Iran traded strikes over the weekend, keeping risk premiums elevated for crude.

CNBC World said the developments drove the latest uptick in energy prices Tuesday.

Latest closeWTI crude $90.70 ▲0.5%

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Sources

CNBC WorldOil rises to $99 on report Iran launched second undisclosed attack on U.S. Navy ships

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