Crude oil rises 3.82% in delayed data as reports cite Iran strike options
Reports say the gains come as the Pentagon prepares new strike options on Iran for Trump, while tanker rates also weigh on flows.
Crude oil rose 3.82% in delayed data (not live), with the front-month WTI price (the nearest delivery month) at $103.27 per barrel against a previous close of $99.47.
Reports say the Pentagon is preparing new strike options on Iran for Trump. One report links the higher prices to that.
Reports also say record tanker rates are hurting U.S. crude flows to Asia. The reports do not say how long the higher prices last.
The reports do not say what happens next.
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