Oil prices rose sharply in Asian markets on Thursday after reports that the US military was preparing to present new plans for possible action in the conflict with Iran.
According to a report published by Axios, US Central Command has drawn up a plan for a wave of “short and powerful” strikes on Iran, with the aim of breaking the deadlock in negotiations with Tehran. The report, based on anonymous sources, notes that the targets could include strategic infrastructure.
Meanwhile, the BBC has announced that it has contacted US Central Command and the White House for an official comment regarding these developments.
The escalation of tensions immediately affected global energy markets. Brent crude rose nearly 7% to above $126 a barrel, the highest level since Russia began its full-scale invasion of Ukraine in 2022. U.S. West Texas Intermediate crude also rose, reaching around $109 a barrel.
