Oil prices bounced back after the US launched fresh strikes against Iran after a US Apache helicopter was downed, posing a threat to the fragile truce between the countries. Brent crude climbed as much as 2% to above $93 per barrel, while West Texas Intermediate surged to $90 a barrel.
US Central Command said in a brief statement that the 'self-defense strikes' on Iran were a 'proportional response' to unjustified Iranian aggression. Meanwhile, Iran's state-run media outlet reported that Qeshm Island in the Strait of Hormuz was struck by the US.
