Following a rumor that the US military will brief President Donald Trump on new plans for possible action in the Iran war, oil prices have surged to their highest level since 2022. According to news site Axios, US Central Command has drafted a plan for a series of “short and powerful” strikes on Iran in an attempt to break the impasse in talks with Tehran. The White House and US Central Command have been contacted by the BBC for comment.
At one time, Brent crude reached its highest price since Russia’s full-scale invasion of Ukraine, rising by about 7% to above $126 (£94) per barrel. Since the crucial Strait of Hormuz waterway remains largely closed and peace negotiations have stagnated, energy prices have risen this week.
According to anonymous sources mentioned in the Axios story, infrastructure targets would probably be part of the planned wave of strikes. According to Axios, another plan called for occupying a portion of the Strait of Hormuz in order to reopen it for commercial shipping. This could entail the deployment of troops on the ground. West Texas Intermediate crude oil, which is traded in the US, increased by 2.3% to about $109 per barrel.
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