Published on
08/06/2026 - 7:39 GMT+2
Crude oil prices climbed in early trade as Israel launched airstrikes on Monday targeting central and western Iran in response to missile fire. Iranian state television reported the sound of explosions being heard in Isfahan, Tabriz and Tehran, without immediately elaborating.
American and Iranian negotiators reached a tentative deal last week to extend their ceasefire, but the agreement has not been finalised and the latest attacks further strain efforts to end the conflict.
Brent crude, the international standard, jumped $3.50 to $96.59 a barrel. Benchmark US crude surged $3.48 to $94.02 a barrel, at the time of writing.
