Energy Markets
US launches new strikes against Iran, causing oil to rise by more than $1 per barrel
After the U.S. military launched new strikes against Iran, oil prices rose by more than $1 a barrel on Wednesday. After Donald Trump's threat to strike Iran again on Wednesday night, both?crude benchmarks? had reached their highest levels in?more than two weeks. Trump said the interim agreement to end Iran's war was over, but ruled out a full-blown war. Brent crude futures closed Wednesday's session at $79.28 per barrel after closing the previous day at $78.02, up by more than 5%. U.S. West Texas Intermediate Crude futures traded at $74.76 per barrel, an increase from the session's settlement price of...