Oil spikes as US-Israel strike on Iran widens, casualties rise

Oil prices jumped about 13% in early trading as the US‑Israel campaign against Iran widens, with Trump saying strikes will continue until objectives are achieved. Britain pledged support via bases and Cyprus heightened security amid regional tensions. Iran retaliated with missiles and drones, and the US reported casualties including three service members killed, while Centcom said a Jamaran-class Iranian ship was sinking and denied claims about an American carrier being hit. Unconfirmed reports circulated that Mahmoud Ahmadinejad was killed. A deadly strike on a girls’ school in Minab pushed the death toll toward 150, underscoring a rapidly escalating regional crisis with ongoing military operations and geopolitical fallout.