00:00Oil prices increased following fresh U.S. strikes on Iran that targeted a military site in the port city of
00:07Bandar Abbas.
00:08Global oil benchmark Brent rose by 3.75% to $97.83, while U.S.-traded crude was 4% higher
00:18at $92.22.
00:22Besides the strikes, the U.S. Central Command said its forces also shot down four Iranian drones that were allegedly
00:29a threat around the Strait of Hormuz.
00:32Washington maintained the strikes were carried out in self-defense.
00:35The escalation comes despite an existing ceasefire between both countries and ongoing talks aimed at ending the three-month-long
00:43conflict.
00:43Oil prices had fallen sharply earlier this week on hopes that a deal could soon be reached to reopen the
00:50Strait of Hormuz.
00:51Just a day ago, Iran's Revolutionary Guards said the possibility of a return to war with the U.S. remained
00:57unlikely.
Comments