Business · 8 July 2026

Oil rises after US hits Iran overnight

Higher oil prices could unsettle global markets as investors prepare for renewed caution after overnight attacks and retaliation in the Middle East. Late Monday, the United States carried out strikes across Iran, and Tehran later responded by targeting 85 American military sites in Bahrain and Kuwait. Brent crude reached $76 a barrel from $72.

By BriefTea Editorial · 8 July 2026 at 7:15

Reported by City AM · How we write briefs

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