Brent crude futures rose nearly 2% on Tuesday, a day after hitting a two-week low, after the U.S. military launched strikes in southern Iran, describing the action as defensive in nature. The developments kept markets tense as hopes of a deal to end the ongoing conflict remained uncertain.
The U.S. Central Command said it had carried out strikes on targets in southern Iran, including boats allegedly attempting to lay mines and missile launch sites. According to the military, the strikes were aimed at protecting U.S. troops from threats posed by Iranian forces.
