Oil Adds to Gains as U.S. Conducts More Strikes Against Iran

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Oil Adds to Gains as U.S. Conducts More Strikes Against Iran

Dow Jones09-02 01:15

1315 ET - Oil futures add to earlier gains as the U.S. military says it's carrying out more strikes on Iranian targets in response to Iranian attacks on ships and U.S. servicemembers in the Middle East. The renewal of military action has rekindled concerns about oil flows out of the Persian Gulf being choked off. WTI is up 4.3% at $89.43 a barrel after nearing $90 a barrel for the first time in over a month. Brent rises 3.9% to $93.89 a barrel.

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