Oil rally accompanies widening U.S.-Israel strikes on Iran

1 min read
Source: CNBC
Oil rally accompanies widening U.S.-Israel strikes on Iran
Photo: CNBC
TL;DR Summary

The U.S. and Israel intensified their week-long campaign against Iran, with U.S. Central Command saying over 3,000 targets have been struck and Israel reporting a new wave of attacks on IRGC sites. Gulf neighbors intercepted missiles and drones as UAE and Saudi defenses activated; Emirates suspended flights to Dubai. The conflict helped push oil prices higher, with U.S. crude up roughly 35% for the week and Brent about 28%.

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