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International Business Times

Business

Iran Ended The Pause In Fighting With The U.S. With New Strikes. Oil Jumped As a Result

Iran United States Oil Donald Trump Tehran Washington

Oil is jumping on Wednesday after Iran resumed attacks against the U.S. after a brief lull in fighting.

Oil is jumping on Wednesday after Iran resumed attacks against the U.S. after a brief lull in fighting.

Brent crude, the international benchmark, climbed almost 6% and stood just below $87 per barrel at 8:21 a.m. ET, while West Texas Intermediate, the U.S. benchmark, climbed 6.61% and clocked in at $84.50 at the same time.

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