Global oil prices surged by over 2% after the United States conducted airstrikes on three Iranian nuclear facilities. According to data from Oilprice.com, oil prices soared as trading began on Monday.
As of 1:16 AM on Monday, Brent crude was priced at $78.99 per barrel, while West Texas Intermediate futures reached $75.81 per barrel, up from $77.07 and $73.83 per barrel, respectively, on Sunday.
DAILY POST reports that President Donald Trump announced on Saturday the successful bombing of Iran’s Fordow, Natanz, and Isfahan nuclear sites. In response, Iranian officials have promised retaliation, triggering widespread concern across the Middle East and beyond.
Earlier reports from DAILY POST indicated a potential increase in global crude oil prices as the Israel-Iran conflict escalated with the involvement of the US.
