"Global oil prices" are extremely volatile, surging more than 3% after Iran attacked US forces.

"Global oil prices" surged more than 3% after Iran launched missile attacks on US forces in the Middle East, while the US and Saudi Arabia retaliated by attacking military bases in Iraq.

On July 29, 2569 at 13.15:XNUMX p.m., CNBC news agency reported that Crude oil prices surged in early trading on Wednesday (July 29) in Asian markets. Following a renewed surge in tensions in the Middle East, after Iran launched an attack on US forces in the region, and the US and Saudi Arabia retaliated with strikes against Iranian-backed targets in Iraq, investors are concerned that the conflict could impact global oil supply.

Brent crude oil contract for September delivery. The price, which is the global market benchmark, rose 3.42% to $86.97 per barrel, while The US West Texas Intermediate (WTI) crude oil contract. It increased by 3.58% to $82.09 per barrel.

US Central Command (CENTCOM) It was stated via platform X that... Iran's Islamic Revolutionary Guard Corps (IRGC) fired several long-range missiles from Iran in an attempt to target U.S. forces stationed in the Middle East, aiming for a surprise attack.

meanwhile CENTCOM revealed that U.S. forces, in conjunction with Saudi Arabia, attacked several weapons depots and logistical support centers in eastern Iraq linked to Iranian-backed militants in retaliation for more than 30 drone strikes over the past three days.

In addition The UK Maritime Trade Operations (UKMTO) also reported unusual incidents in the Red Sea. By stating that The captain of an oil tanker heard an explosion while sailing through the southern Red Sea. Although authorities have not released further details, the incident has raised concerns about the safety of vital global shipping lanes.

Meanwhile, the Houthi rebels continue to attack Saudi Arabia's energy targets, further raising concerns about oil supply in the region. โดย Bjorn Vang Jensen, an industry consultant at Xeneta. In an interview with CNBC, he said: If the Houthi attacks extend to oil production facilities, storage facilities, or export ports, it could have a significant impact on the oil supply chain in the Middle East.

meanwhile Kitco analysts specify that The rise in oil prices is not solely due to geopolitical tensions, but also supported by Kevin Warsh's relatively hawkish stance at the Federal Open Market Committee (FOMC) meeting after he took office as Fed chairman. This has led to continued market divisions regarding the outcome of the Fed's policy meeting, scheduled for Wednesday, further fueling buying in the oil and energy-related assets.

refer : www.cnbc.com

Read news related to All situations around the world can be found here.