Oil prices rise as US-Iran tensions escalate
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Brent crude futures rose about 2% in early Asian trading after US strikes on southern Iran. Brent climbed to $97.56 a barrel, while US crude edged up to $91.25.
US Central Command said the strikes targeted boats that were laying mines and missile launchers. Iranian media said explosions were heard in Bandar Abbas and coastal areas near the Strait of Hormuz.
Meanwhile, Iran’s chief negotiator and foreign minister held talks in Doha to discuss a possible agreement aimed at ending the war.