Global Oil Price Up By Near 3% After US Hit Iran

Global oil prices spiked by over 2 per cent after the United States of America bombed Iran’s three nuclear sites.

Oilprice.com data showed that oil prices skyrocketed as trade commenced on Monday.

As of 1:16am on Monday, Brent crude and West Texas Intermediate futures prices stand at $78.99 and $75.81 per barrel, up from $77.07 and $73.83 per barrel on Sunday.

President Donald Trump announced on Saturday that the US successfully bombed Iran’s Fordow, Natanz, and Isfahan nuclear sites.

Iranian authorities had vowed retaliation, which had sent a panic signal across the Middle East and the world at large.

DAILY POST had earlier reported a possible spike in global crude oil prices as the Israel-Iran war took a different dimension after US entrance.

SOURCE: gistnews.com.ng