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Oil prices are rising on Wednesday for the fourth consecutive session after the U.S. military sank five tankers carrying Iranian oil in the Persian Gulf. Brent rose by 1.39% to $99.28 per barrel by 09:17 MSK, while WTI rose by 1.21% to $94.16.
The U.S. Armed Forces struck two launchers of the Islamic Revolutionary Guard Corps (IRGC) on the Iranian island of Larak in the Strait of Hormuz, said Tim Hawkins, a spokesperson for U.S. Central Command (CENTCOM). CENTCOM said this was a limited and targeted operation against forces preparing to deploy mines and posing an immediate threat to shipping.
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