Fresh U.S. Strikes Complicate Iran Deal

The new U. S. strikes on missile sites and boats in southern Iran are further clouding the market view of how the nearly three-month-long crisis will unfold. Oil prices jumped early on Tuesday in Asian trade following the strikes. Prices slumped by 5% on Monday due to hopes of a U. S. -Iran deal.

The fresh strikes, however, are complicating the situation in the Persian Gulf and around the Strait of Hormuz, and giving markets pause in the optimism that a framework agreement between the United States and Iran could be reached. The U. S.