Oil rises as U.S.-Iran tension escalates after Iraq strikes, missile attack
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Article Excerpt
Oil rises as U.S.-Iran tension escalates after Iraq strikes, missile attack
REUTERS
PUBLISHED 32 MINUTES AGO
UPDATED 57 SECONDS AGO
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Oil prices jumped more than 3 per cent on Wednesday as tensions in the Middle East escalated following U.S. and Saudi strikes in Iraq and an intercepted Iranian missile attack on U.S. forces, while U.S. crude inventories fell.
Brent futures rose US$3.04, or 3.6 per cent, to US$87.13 a barrel by 4:24 a.m. ET. U.S. West Texas Intermed…
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Jul 29, 2026