Crude oil prices rise after US launches strikes against Iran; Brent oil near $92 a barrel (opens original article in a new tab)

Crude oil prices increased after the US conducted strikes against Iran, with Brent oil approaching $92 per barrel. US crude inventories declined for the eighth consecutive week, contributing to the price rise.

• US crude oil inventories fell for the eighth week in a row.
• Brent oil prices rose to $91.83 per barrel after US strikes on Iran.
• The US military struck Iran following the downing of a US Apache helicopter near the Strait of Hormuz.
• Tehran blocked shipping through the Strait of Hormuz, a critical route for global oil shipments.