Oil jumps as U.S.-Iran resume strikes after a brief pause

Anton Petrus | Moment | Getty ImagesOil rose sharply in Asia trading, following renewed tensions in the Middle East after Iran launched an attack on U.S. forces using ballistic missiles. Futures for international benchmark Brent crude for September delivery gained 3.42% to $86.97 a barrel. U.S. West Texas Intermediate futures for June advanced 3.58% at $82.09 per barrel."Islamic Revolutionary Guard Corps forces launched multiple ballistic missiles from Iran in an attempted surprise attack on U.S. forces based in the Middle East," according to a post on X by the U.S. Central Command. U.S. and Saudi forces also struck "multiple terrorist logistics and weapons sites" in eastern Iraq on Tuesday stateside, retaliating against more than 30 drone attacks in the past three days by "Iran-aligned terrorists," Centcom said.Stock Chart IconStock chart icon Brent crudeSeparately, the U.K. Maritime Trade Operations Centre reported "suspicious activity," in the Red Sea early in a post on X. Without giving more details, the agency said that the master of a tanker heard an explosion whilst transiting in the southern Red Sea. The advisory was issued on Tuesday, while the incident was reported on Mon...