Oil jumps more than 2% after US attack on Iran's Larak Island

SINGAPORE/BEIJING: Oil prices were trading more than 2 percent ‌higher on Monday after the US attacked an Iranian island in the Strait of Hormuz and drew retaliation from Tehran, as their conflict extended into its sixth month. Brent crude futures climbed $2.21, or 2.51 percent, to $90.31 a barrel as of 0&:36 a.m. Saudi time while US West Texas ​Intermediate crude was at $85.23, up $1.83, or 2.19 percent. US. forces struck two launchers on Iran's Larak Island in the Strait ​of Hormuz on Sunday, the first known American strikes on the country since late July.

Raccontata daeconomictimes.indiatimes.comtimesofindia.indiatimes.comoilprice.comthehindubusinessline.comarabnews.comnewsbytesapp.comchannelnewsasia.combusinessday.ng