Brent Crude Climbs to $95.76 After Iran Fires Missiles at Israel

BAGHDAD, Iraq — Brent crude oil futures climbed to $95.76 per barrel Tuesday after Iran launched a wave of missiles at Israel, pushing energy prices higher amid heightened regional tensions. Brent futures rose $2.67, while U.S. crude oil futures gained $2.57 to reach $93.11 per barrel, according to data cited by Reuters. The increases came as markets reacted to the escalation in hostilities between the two countries. Iranian state television announced the missile barrage targeting Israel. The Israeli military said it had detected incoming projectiles launched from Iran. Global energy markets are monitoring the situation closely as the military exchange between the two countries continues to unfold.