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The Economic Times
The Economic Times
Business

Oil jumps $1 in early trade after Iran launches missiles at Jordan

Oil Iran Missile Marco Rubio Jordan United States Central Command

Oil prices jumped for the fourth straight session, gaining ​more than $1 in ​early trade on Wednesday after Iran launched fresh ​attacks on U.S. military assets in the Gulf as the war between Washington and Tehran continued to spill out across the region.

Brent crude futures ‌rose $1.57, or ⁠1.6%, ⁠to $99.49 a barrel by 0001 GMT. U.S. West Texas Intermediate crude was ​at $94.63 a barrel, up $1.60, or 1.72%.

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