Oil prices jumped more than three percent in early Asian trade on Wednesday after the US military said it had intercepted multiple missiles launched by Iran.
- +Oil Price Up More Than 3% After Iran Attacks
At around 0015 GMT, US benchmark West Texas Intermediate was up 3.67 per cent at $82.17 a barrel, while North Sea Brent crude had gained 3.39 per cent to $86.94.
Sade Ogunleye
At around 0015 GMT, US benchmark West Texas Intermediate was up 3.67 per cent at $82.17 a barrel, while North Sea Brent crude had gained 3.39 per cent to $86.94.
Trump expressed hope that renewed diplomacy could bring an end to the war that began in late February.
“I have a lot of patience… We’ll see what happens,” he said aboard Air Force One. “I think there is a good chance that something could happen.”
Reports said Oman and Iran were trying to reach an agreement to restart shipping through Hormuz, a route which normally carries around a fifth of global oil and LNG.
