Oil Prices Reportedly Surge After a Claimed U.S. Strike on Iran's Qeshm Island

Oil prices reportedly rebounded sharply, with U.S. crude approaching $100 a barrel, after a claimed U.S. strike on Qeshm Island.

2 Sources, 32m ago, first seen 32m ago

TLDR

Crude climbed to $106.60 a barrel and U.S. crude approached $100 on Tuesday, one account said, attributing the surge to a claimed U.S. strike on Iran's Qeshm Island. Another observer compared Monday's sharp oil-price drop with one at the end of March, arguing that both reminded markets prices can also fall.

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2 Sources, first seen 32m ago