Oil prices inch closer to $100 again as more Gulf attacks cloud US-Iran negotiations | The National

HeadphonesListen to articleShips anchored in the Strait of Hormuz off Bandar Abbas in Iran. AFPShips anchored in the Strait of Hormuz off Bandar Abbas in Iran. AFPIranian drones struck Kuwait airport on WednesdayHeadphonesBookmark

Brent rose 2.48% to $98.38 a barrel and WTI gained 2.60% to $96.20 amid renewed Gulf tensions.

Iranian drone strikes hit Kuwait International Airport’s passenger terminal, after overnight attacks on Kuwait, Bahrain and key shipping lanes.

Tehran said it retaliated after a US projectile struck an Iranian tanker near the Strait of Hormuz, worsening already-stalled ceasefire talks.

Jeanne Walters, senior economist at Emirates NBD, said prices climbed as doubts over a potential US-Iran deal persisted.