00:00Oil prices climbed Tuesday after reports that the United States struck Iran,
00:05reigniting fears of an escalation in the conflict. Brent crude rose roughly 1.75 percent
00:11to $106.60 a barrel, while U.S. West Texas Intermediate gained about 1.7 percent to $98.10.
00:20The reported strikes came just a day after oil prices plunged more than 7 percent
00:25on signals that Washington and Tehran could be open to diplomacy. The strike happened near the
00:32Strait of Hormuz, the critical shipping route for global oil supplies. Any further escalation
00:37could threaten energy shipments and send prices even higher.
