Oil prices jump over 2% after US-Iran direct conflict re-ignites after a month of pause
Oil prices surged over 2% following a U.S. military strike on Iranian launchers in the Strait of Hormuz. In retaliation, Iran attacked two U.S. air bases in Jordan, with Jordan intercepting eight missiles. This escalation marks a significant intensification of the ongoing conflict in the Middle East, which is now entering its sixth month.