Oil prices rose more than 3% after new US strikes on Iran
Kyiv • UNN
Brent oil prices rose to $78.50 per barrel due to the escalation of the US-Iran conflict. Investors fear supply disruptions and accelerating inflation.
World oil prices surged sharply after the US launched a new round of strikes against Iran, heightening fears of energy supply disruptions and accelerating inflation. This was reported by Bloomberg, writes UNN.
Details
During trading, the price of Brent crude oil rose by more than 3% – to $78.50 per barrel. The increase occurred amid conflicting statements regarding the situation in the Strait of Hormuz, through which a significant portion of the world's oil exports pass.
The resumption of attacks between the US and Iran could become a negative catalyst for markets
Markets responded with rising bond yields and a stronger dollar
Bloomberg notes that against the backdrop of the escalating conflict, US Treasury bond prices fell, and the yield on two-year US government bonds rose to 4.23% – the highest level since February 2025. At the same time, the dollar strengthened, while stock markets showed mixed dynamics.
Meanwhile, gold fell by 1.2%, and silver by 1.7%. Investors fear that more expensive oil could sustain high inflation, causing the US Federal Reserve to keep interest rates elevated for longer.