Oil Prices Jump After U.S. Strikes Iran Over Downed Apache

Oil prices jumped in early Asian trading on Wednesday after the United States launched what it described as self-defense strikes against Iranian military targets near the Strait of Hormuz. At the time of writing, Brent crude was up 1. 03% at $92.

39 per barrel, while West Texas Intermediate had gained 0. 91% to trade at $89. 00 per barrel. U. S. Central Command said the strikes were in response to Iran's downing of a U. S. Army Apache helicopter in the region. U. S.