The Brent benchmark oil price jumped up by more than three percent after US Central Command (CENTCOM) announced the new wave of bombings targeting Iranian missile sites and mine-laying boats.

Iran said the US had violated a ceasefire after the US conducted what it called defensive strikes in southern Iran, while Brent crude oil rose about 3.5% on Tuesday to more than…

Iran accuses the U.S. of violating a truce amid new strikes, signaling potential retaliation and escalating tensions in the region.