Global oil prices surge amid US-Iran conflict fears

Thansettakij•Economy•2d ago

Reader Briefing

Global oil prices rose on Wednesday as investors feared that clashes between the United States and Iran could impact global oil supplies.

•West Texas Intermediate (WTI) oil closed at 91.01 dollars on Wednesday, September 2.
•Brent oil prices surpassed 95 dollars.
•The United States military launched airstrikes against Iran on Tuesday, September 1.
•Iran responded by firing missiles at United States bases across the Middle East.

•West Texas Intermediate (WTI) oil in the New York market closed higher on Wednesday, September 2, at 91.01 dollars.
•Brent oil prices rose above 95 dollars.
•Investors are concerned that new clashes between the United States and Iran may affect global oil supplies.
•The United States military launched airstrikes targeting Iranian radar systems on Tuesday, September 1.
•The United States military airstrikes were a response to Iran attempting to plant mines in the Strait of Hormuz.
•Iran fired missiles at United States bases throughout the Middle East region.
•Tensions in the Middle East have escalated to the most severe level in several weeks.

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United States(สหรัฐอเมริกา)ℹ️

A country whose military launched airstrikes against Iran and has bases in the Middle East.

Iran(อิหร่าน)ℹ️

A country that attempted to plant mines in the Strait of Hormuz and fired missiles at United States bases.

Strait of Hormuz(ช่องแคบฮอร์มุซ)ℹ️

The location where Iran attempted to plant mines.

Middle East(ภูมิภาคตะวันออกกลาง)ℹ️

The region where United States bases were targeted by Iranian missiles and where tensions have escalated.

United States Military(กองทัพสหรัฐฯ)ℹ️

The military force that conducted airstrikes on Iranian radar systems.