Oil rises nearly 1% as US launches new strikes against Iran, supply tightens
- Posted on June 10, 2026
- By Business News Today
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- 1 min read
Oil rises nearly 1% as US launches new strikes against Iran, supply tightens
Oil prices rose as U.S. military strikes on Iran escalated tensions following the downing of an Apache helicopter. This development, coupled with a significant draw in U.S. crude inventories for the eighth consecutive week, pushed prices higher. Market data indicated a substantial decrease in crude stocks, potentially impacting U.S. exports and further influencing oil prices.
