Oil rises as US strikes on Iran raise fears over shaky truce

Oil prices gained more than 2 per cent on Wednesday after the US military launched airstrikes against Iran and reimposed crude sales sanctions, raising fears their fragile truce was unravelling and Middle East supplies could be disrupted again. Brent crude futures gained $1.92, or 2.6pc, at $76.08 a barrel at 0400 GMT. US West Texas Intermediate crude climbed $1.82, or 2.6pc, to $72.26 a barrel. Both benchmarks rose about 3pc on Tuesday after the US revoked the general licence authorising the...

By none@none.com (Reuters)