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Oil Soars as Trump’s Attack on Iran Boosts Risks to Supplies
Oil jumped after the US struck Iran’s nuclear sites, exacerbating a crisis in the Middle East and stoking concerns that energy supplies could be disrupted.
Global benchmark Brent surged as much as 5.7% to $81.40 a barrel, before paring much of that gain in heavy trading. Timespreads widened. US President Donald Trump said air attacks had “obliterated” the trio of targets, and threatened more military action if Iran didn’t make peace. In its initial reply, Tehran warned the strikes would trigger “everlasting consequences.”