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Oil prices have risen, Iran claims to carry out a new round of retaliatory attacks, and Israel has indicated that it is preparing to step up its intervention in the war, increasing the risk of disrupting the region's energy supply. Brent crude oil futures once approached $97 per barrel, a record high since the end of July. The cumulative increase of more than 8% over the previous three trading days was over, and then partially recovered. The price of West Texas Light crude oil is above $92. The Islamic Republic of Iran News Agency quoted a military statement as reporting that the Iranian military attacked US military bases in Kuwait and the United Arab Emirates using missiles and drones on Thursday. The Kuwaiti side says it has responded to the threat of missiles and drones; the UAE has yet to report any related incidents. Israel stated that it would return to war if necessary. Defense Minister Israel Katz said that if Iran launches an attack on Israel, Israel will no longer be subject to any existing restrictions when fighting back against the Tehran regime.
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Oil prices have risen, Iran claims to carry out a new round of retaliatory attacks, and Israel has indicated that it is preparing to step up its intervention in the war, increasing the risk of disrupting the region's energy supply. Brent crude oil futures once approached $97 per barrel, a record high since the end of July. The cumulative increase of more than 8% over the previous three trading days was over, and then partially recovered. The price of West Texas Light crude oil is above $92. The Islamic Republic of Iran News Agency quoted a military statement as reporting that the Iranian military attacked US military bases in Kuwait and the United Arab Emirates using missiles and drones on Thursday. The Kuwaiti side says it has responded to the threat of missiles and drones; the UAE has yet to report any related incidents. Israel stated that it would return to war if necessary. Defense Minister Israel Katz said that if Iran launches an attack on Israel, Israel will no longer be subject to any existing restrictions when fighting back against the Tehran regime.
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