Oil prices experienced a significant surge of nearly 4% on Thursday evening following reports of explosions in Iran. This sudden increase in oil prices led to a sharp decline in US stock futures, indicating a potential impact on the financial markets.
During recent trading sessions, US oil prices rose by 3.7% to reach $85.80 per barrel, while Brent crude, the global benchmark, saw a 3.4% increase to $90.13 per barrel. The spike in energy prices was triggered by reports of an explosion near Iran's Isfahan Airport, as confirmed by Iranian news agencies.
