EconomyOil prices edge higher after US announces new strikes on Iran

Oil prices moved slightly higher in early Wednesday trading. US forces said they had begun striking Iranian military targets for an 11th consecutive night. Kuwait also reported attacks by Iranian drones. Those developments intensified fears that further supply disruptions could follow, helping push prices upward. The rise remained limited as the market assessed the potential impact on supply.

oil pricesUS-Iran conflictsupply disruptions

RReuters★★★★☆2026-07-22 00:50Original