Oil prices surged overnight as the US teeters on the precipice of all-out war with Iran. Brent crude, the international benchmark, rose to $90.19 at 2.41am - the highest it has been since June 11, having soared 15.9% last week. West Texas Intermediate, the US benchmark, meanwhile rose more than two percent to $84.20. The surge in oil prices came following a weekend of escalation that saw the US carry out its ninth straight night of strikes against Iran, which retaliated with its own strikes on America's gulf allies Jordan, Kuwait and Bahrain. A video showing the moment Iranian missiles hit an airbase in Jordan in an attack that killed three US servicemen has been circulating on social media. The footage, published by the Associated Press, shows the missiles approaching the Muwaffaq Salti Air Base and then an enormous explosion.Following the strike, you can hear someone screaming: 'Go, go, go!' Four other American service members were wounded in the attack last Friday and medically evacuated to Jordanian hospitals. The US launched a fresh wave of strikes on Iran in retaliation on Saturday night, with Central Command (CENTCOM) vowing to 'punish' the Islamic Republic. A video has been circulating online purportedly showing the moment Iranian missiles hit an airbase in Jordan in an attack that killed three US servicemen The footage shows the missiles approaching the Muwaffaq Salti Air Base and then an enormous explosion Following the strike, you can hear someone screaming: 'Go, go, go!''The strikes are designed to further degrade Iran’s ability to threaten commercial shipping in the Strait of Hormuz and swiftly punish Islamic Revolutionary Guard Corps forces who launched attacks against American service members in Jordan last night,' CENTCOM said in a statement.President Donald Trump told NewsNation that the soldiers' deaths were a 'very sad thing'.'We hate to see it happen. It’s in service to our country,' he added, before reiterating his goal of 'never allowing Iran to have a nuclear weapon'.Defence Secretary Pete Hegseth echoed Trump's sentiment on X, writing: 'Godspeed, heroes. Their sacrifice only stiffens our resolve.' Originally, two deaths were reported after the incident, but the US later said it found the remains of another service member it is now in the process of identifying. Separately, another American service member died in Iraq during the 'controlled detonation' of a downed Iranian one-way attack drone on July 18, CENTCOM said. A second service member was wounded in the incident in northern Iraq. In the week leading up to Friday's strike in Jordan, Tehran carried out three other attacks against US forces in the country. Those strikes injured dozens of US service members and damaged several helicopters, according to several American officials, who spoke to the New York Times on the condition of anonymity.But the Pentagon did not disclose such attacks, nor the casualties and damage they inflicted.The episode is the latest example during the conflict of the tension between what the Pentagon says is the necessity for operational security and Washington's obligation to inform the public about the conduct of the war. The United States conducted a new round of airstrikes early Monday targeting Iran, hitting around a northwestern city believed to be home to underground missile bases. Iran responded by launching an attack targeting Bahrain, the home of the US Navy's 5th Fleet, and Kuwait.The latest attacks again showed how, step by step, Washington and Tehran have inched closer to all-out war as last month's interim deal meant to permanently end the fighting has crumbled and shipping traffic in the Strait of Hormuz has largely stalled. Both sides have targeted civilian infrastructure relied on by millions of people, while benchmark Brent crude rose Monday above $90 a barrel, further fueling a global energy crisis sparked by the conflict. The bridge linking Bandar Abbas and Kehuristan, rendered unusable in a US strike, is seen in Iran's Hormozgan province, where Iranian authorities said the United States carried out attacks on 95 locations across 12 cities over the past 10 days, on July 19 The US launched a fresh wave of strikes on Iran in retaliation for attack, with Central Command (CENTCOM) vowing to 'punish' the Islamic Republic 'The strikes are designed to further degrade Iran’s ability to threaten commercial shipping in the Strait of Hormuz and swiftly punish Islamic Revolutionary Guard Corps forces who launched attacks against American service members in Jordan last night,' CENTCOM said in a statement'We hit them very hard again tonight,' Donald Trump said as he returned to Washington after the World Cup final, adding 'we did that in honour of the, probably three, it’s probably three great patriots'.CENTCOM announced a new round of strikes early Monday, now into their ninth straight night.It targeted 'Iranian military command centers, air defence and coastal surveillance sites, maritime capabilities, missile and drone launch sites and communications networks'.Iran's state-run IRNA news agency reported that the American strikes killed at least one person around Tabriz, a northwestern city about 520 kilometres (325 miles) from the capital, Tehran. Tabriz is believed to host underground missile bases run by Iran's paramilitary Revolutionary Guard.US strikes likely also hit Bandar Imam Khomeini in Khuzestan province, Sirik and Jask in Hormozgan province and Konarak and Chahbahar in Sistan and Baluchistan province, IRNA reported.As the strikes began, a vessel caught fire early Monday in the Strait of Hormuz after being hit by a projectile near the coastline of Oman, the British military's United Kingdom Maritime Trade Operations centre said. The crew abandoned the vessel, which was adrift and still ablaze hours later, the UKMTO said. A huge anti-US and Israeli billboard featuring US President Trump and Israeli Prime Minister Netanyahu hangs on a building in Tehran, Iran, July 19The route around Oman has been the one the US military has encouraged ships to travel to avoid Iran's control. The Guard later claimed it was targeting tankers in the strait.Tehran has retaliated by hitting US-allied countries throughout the Middle East. Bahrain sounded its missile alert sirens Monday morning, while Kuwait said its air defense were firing at an incoming Iranian barrage.Trump has threatened to target Iran's power stations and bridges to try to compel Tehran to loosen its hold on the Strait of Hormuz, which saw one-fifth of traded global oil supplies transit before the war. Recent attacks suggest the US military is carrying out that plan.The US in the past week reimposed a naval blockade on Iranian ports to halt its shipments of crude oil. The military on Saturday said it had redirected six ships and disabled one since then.The halfway point has passed in the 60 days the deal set out to negotiate the permanent end of the war and other issues, including Iran's nuclear programme.US Secretary of State Marco Rubio told reporters that the US is still open to negotiating with Iran but that 'it has to be real'.'We're going to continue to respond. If the door opens to diplomacy - if the guys that want to do something productive for Iran win and take control of that system, or take control of the negotiations - that'll be a very positive development,' Rubio said.'That's not where we are tonight, unfortunately.'Mohammad Javad Zarif, a former Iranian foreign minister who helped elect the country's reformist President Masoud Pezeshkian, acknowledged in an essay published Monday by Foreign Policy that 'the deal could never survive such dissonance' over the Strait of Hormuz.'As the current conflict makes clear, Washington cannot eliminate the Iranian government,' Zarif wrote. 'Only diplomacy, a new peace agreement, and a new security framework produced by regional states and for regional states will allow the United States to turn its attention elsewhere.'However, Zarif did warn the country's theocracy that 'if Iran repeatedly threatens maritime traffic, it could turn much of the world against it'.Iranian authorities on Sunday said at least 50 people have been killed and 517 wounded in the latest rounds of US strikes. Since the war began on February 28, 17 US service members have been killed.
Oil prices surge with US teetering on all-out war with Iran
Oil prices surged overnight as the US teeters on the precipice of all-out war with Iran.














