- BIST10011,722-2.89%
- USD49.45+0.05%
- EUR55.62+0.37%
- GOLD4,181.10+0.26%
- INTEREST37.00%-1.00
- BITCOIN81,400-0.12%
- October 17, 202613°
- BIST10011,722-2.89%
- USD49.45+0.05%
- EUR55.62+0.37%
- GOLD4,181.10+0.26%
- INTEREST37.00%-1.00
- BITCOIN81,400-0.12%
- October 17, 202613°
US additional strikes on Iran drive up oil prices
Brent crude oil prices rose 4.2 percent to $79.2 a barrel after the US Central Command announced additional military operations against Iran. Iranian state media reported hearing explosions in several locations in the country's south.
New US military strikes on Iran caused fluctuations in global oil markets. On the first trading day of the week, the price of Brent crude oil rose by more than 4.2 percent to $79.2 per barrel. US crude oil futures also rose 4.3 percent to $74.5.
The US Central Command (CENTCOM) announced on Sunday that it had launched additional strikes against Iran. In a post on the social media platform X, CENTCOM claimed that these operations aimed to degrade Iran's ability to attack commercial vessels transiting the Strait of Hormuz.
Iranian state media, meanwhile, reported that explosion sounds were heard on Qeshm Island and in the cities of Jask, Sirik, and Bandar Abbas in the southern Hormozgan province.
According to information compiled by Anadolu Agency from official data, Iran's missile and drone attacks since Sunday have targeted Qatar, the United Arab Emirates, Kuwait, Bahrain, Oman, and Jordan. The Tehran administration maintained that these operations were carried out in response to US strikes and targeted locations where US forces are present in the region.
Last June, Washington and Tehran signed a memorandum of understanding mediated by Qatar and Pakistan, laying the groundwork for a final agreement to end the war. However, US President Donald Trump announced on July 8 that the ceasefire had ended due to escalating tensions.
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