Oil prices rise amid escalation in the Middle East - Reuters
Kyiv • UNN
Oil prices rose by 2% due to Iranian attacks on Kuwait and U.S. strikes. A terminal at Kuwait's airport was damaged, and aviation operations have been partially restored.
As a result of the escalation of the situation in the Middle East on June 3, specifically due to Iranian strikes on Kuwait and U.S. strikes near the Strait of Hormuz, oil prices rose by more than 2%. This is reported by UNN with reference to Reuters.
Details
According to Kuwaiti authorities and state media, flights at Kuwait International Airport were suspended after an Iranian drone and missile strike damaged the Terminal 1 building, as well as the diplomatic missions of several foreign states.
Subsequently, Kuwait's civil aviation authority announced that Kuwait Airways is resuming flights from Terminal 4 after assessing the damage and implementing security measures.
Meanwhile, the Kuwaiti armed forces stated that since Wednesday morning, they have tracked and intercepted 13 ballistic missiles and 17 drones in Kuwaiti airspace, the debris of which fell in several residential areas.
In addition, U.S. forces stated that two Iranian missiles aimed at Kuwait fell short of their target or disintegrated in flight, while several ballistic missiles missed their targets in the region.
As a reminder
On Wednesday, June 3, the U.S. and Iran carried out a new exchange of military strikes, jeopardizing efforts to maintain a fragile ceasefire in the Middle East.