Oil prices jumped more than three per cent in early Asian trade after the US military said it intercepted several missiles launched by Iran. — AFP pic Stay updated on the latest news and insights. Subscribe to our newsletter here Summary In early Asian trading on July 29, oil prices surged over three percent due to increased geopolitical tensions following the US military's interception of multiple missiles launched by Iran.The US benchmark West Texas Intermediate rose 3.67% to US$82.17 per barrel, while North Sea Brent crude increased by 3.39% to US$86.94.These developments reflect heightened concerns over potential disruptions in the global oil supply. First Published: Wednesday, 29 Jul 2026 9:53 AM MYT TOKYO, July 29 — Oil prices jumped more than three per cent in early Asian trade today after the US military said it had intercepted multiple missiles launched by Iran.At around 0015 GMT (8.15am Malaysia time), US benchmark West Texas Intermediate was up 3.67 per cent at US$82.17 (RM335.91)a barrel, while North Sea Brent crude had gained 3.39 per cent to US$86.94. — AFP