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Oil prices jump over 2% after US-Iran direct conflict re-ignites after a month of pause

Following a U.S. military strike on Iranian launchers in the strategic Strait of Hormuz, oil prices have surged. In retaliation, Iran launched attacks on two U.S. air bases in Jordan. Jordan's military successfully intercepted eight missiles aimed at its territory early Monday, escalating the ongoing conflict in the Middle East, now entering its sixth month. Shipping activities through the Strait of Hormuz have notably dipped due to rising tensions.

Where: Iran

Exact coordinates

iran: 32.430, 53.690

Read it at The Times of India See this on the map

Oil prices jump over 2% after US-Iran direct conflict re-ignites after a month of pause
What might happen next? AI-generated

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