Oil Prices Rise 2.5% as U.S. Strikes Iran for Ninth Night

The U.S. Central Command completed its ninth consecutive night of strikes against Iran, targeting military command centers and missile launch sites. This escalation comes amid rising tensions as American casualties increase, with 17 U.S. personnel reported killed so far. Brent crude futures climbed about 3% to $90.7 per barrel, while U.S. WTI futures rose 2.5% to $84.6. The ongoing conflict and its impact on oil traffic through the Strait of Hormuz, where 20% of the world's oil traffic previously passed, could influence market stability and prices significantly.