Oil prices rise after fresh US strikes in Iran

International crude oil prices climbed again after the United States launched fresh military strikes in southern Iran.

On Tuesday, the price of Brent crude rose by nearly 2 percent. Brent gained $1.40, or about 1.5 percent, reaching $97.56 per barrel after falling 7 percent in the previous trading session.

Meanwhile, US West Texas Intermediate (WTI) crude was trading at $91.25 per barrel.

According to the US Central Command (CENTCOM), the strikes targeted Iranian missile facilities and several vessels allegedly attempting to deploy naval mines in the region.

The BBC, citing CENTCOM, reported that the operation was carried out as a defensive measure aimed at protecting US forces from potential threats posed by Iranian military activities.

CENTCOM spokesperson Captain Tim Hawkins said US forces continue to exercise restraint despite the ongoing ceasefire, but will take necessary steps to ensure their security.

US officials said the attacks were conducted near Bandar Abbas, a strategically important Iranian port city located close to the Strait of Hormuz, where Iran maintains a major naval base.

Earlier, Iranian state media reported hearing explosions in the Bandar Abbas area, prompting local authorities to launch an investigation. However, Tehran has not yet issued an official response to the latest US strikes.